For immediate release: 24 June 2013
- From October 2013, gap personnel’s employees and temporary workers will be auto-enrolled into the NOW: Pensions Trust
Industrial labour provider, gap personnel, has appointed NOW: Pensions to provide its workplace pension solution under auto-enrolment. From October 2013, the independent trust will be responsible for providing the workplace pension for gap personnel’s workforce and temporary workers.
One of the UK’s ten largest industrial labour providers, gap personnel specialises in supplying temporary and permanent workers to firms across various sectors including manufacturing, food and drink, automotive and logistics. The company provides a nationwide service across seven regions through high street branches, specialist divisions and an on-site network, employing more than 200 members of staff across the UK, and placing in excess of 7,000 temporary workers each week.
gap personnel is the latest addition to the growing collective of other well-known recruitment consultancies including Blue Arrow and Adecco Group that have appointed NOW: Pensions to help implement their workplace pension solutions under auto-enrolment.
Mark Roberts, Managing Director at gap personnel, commented: “Having held discussions with several different providers to find the most suitable auto-enrolment solution, we decided to appoint NOW: Pensions because of the simplicity and robustness of its scheme. The NOW: Pensions product is both cost effective and straightforward to implement, enabling us to deliver a vigorous retirement savings vehicle for our employees and flexible workers while keeping the administrative burden to an absolute minimum.”
Morten Nilsson, CEO of NOW: Pensions, added: “As a company accredited with Investors in People and listed within ‘The Best Companies to Work For’, gap personnel believes in rewarding its employees for their commitment and hard work. NOW: Pensions is proud to be working with gap personnel to provide its employees with a pension solution that suits employees’ retirement need and demonstrates gap’s commitment to its people.
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For further information:
Tel: +44 203 640 9075
Tel: +44 207 294 3615
Notes for editors:
gap personnel www.gap-personnel.com
gap personnel is the one of the UK’s Top 10 industrial labour providers, providing UK-wide coverage through 7 key regions including North West, North Wales, South Wales, Midlands, South West, Yorkshire, and the South East.
Privately-owned and founded in 1997, it employs more than 200 members of staff across the UK, and places and payrolls up to 7,000 temporary workers per week, covering more than 2 million shifts per year. It also currently employs 184 specialist recruitment staff and contract managers and has a network of high street branches, specialist divisions and OnSite managed solutions.
NOW: Pensions www.nowpensions.com
NOW: Pensions is a multi-employer trust. The investments are managed by NOW: Pensions Investments, a subsidiary of ATP in Denmark, and the administration is carried out by Paymaster, an established UK third 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
- Win Robbins, former Head of European Fixed Income at Barclays Global Investors
NOW: Pensions is committed to developing a better workplace pension provision in the UK by offering a simple, high quality, cost efficient and systematically risk managed pension product that delivers better retirement savings for UK employees. With over 45 years’ experience providingDenmark’s working population with stable and consistent pensions returns, NOW: Pensions is set to transfer the knowledge acquired inDenmarkto theUKpension market. Charges are 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.
In April 2013, NOW: Pensions became the first master trust to attain the NAPF’s new PQM Ready Standard. The benchmark shows employers that NOW: Pensions is a well governed pension scheme with low charges and good member communications.
The ATP Group www.atp.dk
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 inDenmark. 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 624 billion/approximately GBP 68.4bn (i.e. assets: DKK 540 billion/GBP 62.3 billion + reserves: DKK 84 billion/GBP 9.2bn) at 31 December 2012. ATP invests in a wide variety of assets globally. Investment categories are broadly: equities, interest rates, credit, inflation and commodities.