Help Centre for Advisers

What fees will members and deferred members be charged?

The NOW: Pensions member charging structure is designed to be simple, transparent and fair.

We combine a low annual management charge of 0.3% with a monthly administration charge. By splitting the charge, costs are spread more equitably across all members. It also makes it easier to understand what you’ll pay for your pension every year.

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If you leave your employer or stop contributing to your pension, you can transfer the money in your account to another pension provider at no cost. This may be a sensible thing to do, especially if you are leaving a very small pension pot with just a few hundred pounds because the charges continue to apply. If you don’t move your money, the charges could mean that you have nothing left in your fund in a few years’ time.

Here is a handy infographic explaining how our member charges work.

Our broker recommended NOW: Pensions, as they believed it would be our best option. We have not been disappointed, the NOW: Pensions customer support teams are great and always available. — Bromborough Paint & Building Supplies Ltd
NOW: Pensions has a good technical infrastructure combined with a pension product suitable for our team. We couldn’t be happier with NOW: Pensions. — Martin Woods, SALT.agency
NOW: Pensions was attractive to us because the staff were very helpful and they sent over all the information required. This made the decision easy. — Metro Surveillance Group Ltd