The new pension platform made for you

Our new platform, now:u, puts pensions into the palms of your employees. Just where they expect them. Meaning you have more time to get on with running your business.

Watch our video to hear CEO Patrick Luthi and Deputy CEO Claire Bowyer share the now:u strategy that’s shaping the future of now:pensions.

We’ve added new features

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A new and improved platform

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An app for members

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Post-retirement solutions

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Investment choice

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We’ve kept the features you love

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Simplicity

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Low cost

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Availability to all sizes of employer

Unrivalled client support

Employer portal overview

now:u will make running your pension quicker and easier. You’ll be able to:

  • add or remove members without having to upload the details in a pension data file
  • change personal details for your members online
  • edit contribution models without having to sign paper forms
  • add or change contributions for previously loaded pay periods, and
  • see all your communications in your secure now:u mailbox.

Watch our video to see the new and improved now:u employer portal.

We’re making improvements to the investment strategy

Our Trustee regularly reviews the investment strategy to improve how members’ pension savings are invested, and to make sure members get good value for money. As a result of this review, several changes have been made.

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Easier to understand

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More time spent in growth-focused investments

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More focus on responsible investments

Introducing the Shariah Fund

We’re introducing investment choice to complement our current default investment strategy, giving members more flexibility over their pension savings.

When we launch our now:u pension platform and proposition, members who want to save into a Shariah-compliant fund will be able to do so online and on the now:u app.

The Shariah Fund doesn’t offer gradual de-risking as members approach retirement. However, we’ll soon introduce a Shariah Plan which does.

We’ll tell you more about new investment plans in the months ahead.

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More ways to take savings

When we launch now:u, members will have more ways to take their savings from now:pensions.

Right now, members can take their savings as cash in one go, or transfer all their savings to another pension provider to access a range of options, including buying an income for life (annuity) or taking income when they want it through drawdown.

With now:u, we’ll be introducing multi-lump sum withdrawals, which will allow members to spread their withdrawals over a number of years.

We’ve appointed a new partner, TCS

To bring you all this we’ve partnered with Tata Consultancy Services Limited (TCS) for administration and technical expertise. TCS is a global IT consultancy dedicated to finding and delivering new business solutions through technology. We believe they have the scale, experience and shared passion for pensions that will enable us to take our pension proposition to the next level.

Look out for lots more information. In the run-up to the launch, we’ll be telling you everything you need to know to make the most of now:u.

If you’ve got any other questions about now:u, please contact us.

Contact us