Help Centre for Advisers

Monthly employer service charge for employers

This is a charge paid for by the employer and varies depending on how the scheme is administered. The discounted price for employers using a payroll bureau reflects the considerable support payroll bureaux provide with auto enrolment administration for NOW: Pensions.

Monthly employer service charge

No. of active members Discount Monthly charge
Any employer 0 100% £0*
An employer working with NOW: Pensions Directly Any number N/A £36.00  + VAT
A payroll bureau using the NOW: Pensions Gateway 5+ 44% £20.00 + VAT
A payroll bureau using the NOW: Pensions Gateway 1-4 65% £12.50 + VAT

*Initial assessment of active members takes 3 full months and therefore the £0 charge only comes into effect after the assessment has been completed.  Assessments of active member numbers are performed at the sole discretion of NOW: Pensions.

For more detail about the services NOW: Pensions offers and the monthly employer service charge click here.

 

There is a need for a member-centric solution designed for ease of use with low costs and cutting edge investment strategy, which delivers long term stable returns. ATP's in-house investment capabilities, combined with our novel and innovative… — Lars Rohde, Governor of the National Bank of Denmark and Former CEO of ATP Group
“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
I firmly believe in NOW: Pensions' principle that everyone deserves the right to a better retirement. I look forward to being part of the team which aims to achieve this in the UK. — Win Robbins, former Head of European Fixed Income Barclays Global Investors
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
“Redington’s Investment Committee assigned an Approved Rating to the NPI DGF and positive on the fund.” — Redington