Help Centre for Advisers

What is an opt out period?

Membership of the scheme is not compulsory. Members of staff who are enrolled into the employer’s workplace pension scheme do not have to remain in the scheme or continue paying contributions. Every jobholder has one calendar month after being enrolled, when they can choose to opt out. If they opt out within this time frame, either online or by correctly completing and returning our opt out form, any contributions deducted will be returned to the employee and it is the employer’s responsibility to do this as soon as possible.

If they are outside the opt out period, the contributions will simply stop being taken. The contributions already invested will remain until such time as benefits are taken or a transfer to an alternative approved pension scheme is made.

I'm excited by the opportunity to help bring to the UK auto-enrolment market NOW: Pensions, a customer-friendly and responsive trust-based alternative to NEST and to contract-based offerings. — Chris Daykin, the former Government Actuary
…We pride ourselves on our abilities to make the perfect match for both clients and workers. Our decision to appoint NOW: Pensions came as a result of wanting a quality workplace pension scheme that is structured, simple and easy for us to… — Ian Naylor, Legal Director of Randstad
“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 am excited to be joining such a distinguished Board of Trustees, over-seeing a modern, transparent, cost efficient and high-performing pension fund. — 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