For immediate release: 3 December 2012
- Leading provider of staffing solutions set to join the scheme from January 2013
Blue Arrow has appointed NOW: Pensions, the independent multi-employer trust, to provide its auto-enrolment pension scheme. From January 2013, NOW: Pensions will be responsible for providing the auto-enrolment pensions to eligible employees within Blue Arrow’s workforce of 30,000.
Blue Arrow is one of the UK’s leading recruitment businesses, dedicated to providing bespoke staffing solutions to both the private and public sectors through a network of specialist branches and on-site locations. Blue Arrow supply to the: Catering & Hospitality; Distribution & Warehousing; Driving; Industrial & manufacturing; Secretarial & Admin sectors.
Mark Manaton, Managing Director, Blue Arrow Group, commented: “We pride ourselves on providing our clients with innovative yet simple solutions for the workforce which is why we want a pension scheme that reflects this. NOW: Pensions Trust 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, and ensures optimum outcomes for our employees at retirement.”
Morten Nilsson, CEO of NOW: Pensions, commented: “Blue Arrow is dedicated to supporting major organisations and businesses in achieving greater focus on productivity and workforce flexibility. Ahead of its auto-enrolment staging date, the company has taken the necessary steps to ensure its employees are provided with a supportive, low-cost pension plan that’s simple and easy to understand, and which will deliver value to them.”
NOW: Pensions is committed to developing a better workplace pension provision in the UK by offering a simple, systematically risk managed, cost efficient and high performance pension product that delivers better retirement savings for UK employees across all income brackets. With over 45 years’ experience providing Denmark’s working population with stable and consistent pension returns, NOW: Pensions is set to transfer the knowledge acquired in Denmark to the UK pension market ready for auto-enrolment.
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For further information:
Shirley Collyer / Jennifer Stevens / Maddy Morgan-Williams
Tel: +44 207 294 3615 / +44 7711 142 147
Notes for editors:
About Blue Arrow
Blue Arrow is dedicated to providing bespoke staffing solutions through a network of over 100 specialist branches and on-site locations. For over 50 years, our priority has been to work in partnership with our clients and candidates to secure long-term relationships.
Blue Arrow is a leading provider of staffing solutions, with established operations across the UK, the USA, Australia and New Zealand.
NOW: Pensions is a multi-employer trust. The investments are managed by NOW: Pensions Investments, a subsidiary of ATP inDenmarkand the administration is carried out by Paymaster, an establishedUKthird party administrator.
The NOW: Pension Trustee Directors, whose role is to safeguard the interests of members, comprises well-known industry figures with different areas of expertise:
- Nigel Waterson, former Shadow Pensions Minister
- Imelda Walsh, former Group HR Director of Sainsbury’s
- John Monks, member of House of Lords and former General Secretary of ETUC and TUC
- Christopher Daykin, former Government Actuary
- Lars Rohde, CEO of ATP Group
- Win Robbins, former Head of European Fixed Income at Barclays Global Investors
NOW: Pensions is committed to developing a better workplace pensions provision in theUKby offering a simple, systematically risk managed, cost efficient and high performance pension product that delivers better retirement savings forUKemployees. With over 45 years experience providing Denmark’s working population with stable and consistent pensions returns, NOW: Pensions is set to transfer the knowledge acquired in Denmark to the UK pension market ready for auto-enrolment in 2012, charging just £1.50 per month administration charge (reduced administration charge of £0.30 – £1.00 to be applied during auto enrolment phasing for lower earners) plus a 0.3% annual product investment management charge, with no hidden charges.
The ATP Group
Arbejdsmarkedets Tillaegspension (ATP) / Danish Labour Market Supplementary Pension is a statutory pension fund. It was established as an independent entity in 1964 with the objective of ensuring a greater retirement income for the Danish population. ATP has since developed to become the largest pension fund in Denmark. Together with the tax-financed basic state pension, ATP provides basic income security in old age for the Danish population.
ATP covers almost the entire Danish population representing 4.7 million members and 160,000 employers. In addition to the ATP Scheme, the ATP Group administers a number of pension and social insurance schemes, including several for the Danish state.
The ATP Group total assets under management amounted to DKK 693 billion/approximately GBP 74bn (i.e. assets: DKK 611 billion/GBP 64.5 billion + reserves: DKK 82 billion/GBP 9bn) at 30 September 2012. ATP invests in a wide variety of assets globally. Investment categories are broadly: equities, interest rates, credit, inflation and commodities.