Help Centre for Employers

What happens to an employee’s pension if they leave the company?

The employees’ pension contributions will stay invested with NOW: Pensions after the employee leaves the company, and the employee will continue to receive pension communication from NOW: Pensions.

An employee can also choose to transfer their pension pot to another Registered Pensions Scheme or a Qualifying Registered Overseas Pension Scheme.

By consolidating the pensions in one place the employee may increase their purchasing power to maximise their retirement benefit.

 

“We were impressed with the simplicity of its scheme. The ease of implementation was also a big plus for us and has removed much of the administrative headache.” — Neil Tune, HR director at Fitness First
We decided to appoint NOW: Pensions because of the simplicity and robustness of its scheme. The NOW: Pensions product is both cost effective and straightforward to implement... — Mark Roberts, Managing Director at gap personnel
...its simple design means the pressure is taken off us as the employer and avoids costly administration charges, whilst removing the burden of choice and ensuring the best possible retirement outcome for our employees. — Matthew Johnson, Head of Compensation and Benefits at Adecco Group UK & Ireland
“Redington’s Investment Committee assigned an Approved Rating to the NPI DGF and positive on the fund.” — Redington
NOW: Pensions is supportive, easy for our employees to understand and uncomplicated in terms of its implementation. Its structured approach removes the complicated investment choices & makes auto-enrolment a straightforward and simple process. — Mark Manaton, Managing Director, Blue Arrow Group