For immediate release: Wednesday 23 October 2013
Ipswich Town Football Club, the only professional football club in Suffolk, has appointed NOW: Pensions, the independent multi-employer trust, as the provider of its workplace pension under auto enrolment.
From 1 November 2013, NOW: Pensions will be responsible for delivering workplace pensions for Ipswich Town’s 600 employees who are eligible for auto enrolment including office staff, match day casuals and match day stewards.
Morten Nilsson, CEO of NOW: Pensions said: “With a high proportion of casual staff employed only during the football season, football clubs both large and small face unique challenges and added complication when it comes to auto enrolment. We are delighted to have been selected by Ipswich Town Football Club to help guide them through the complexities of auto enrolment.”
Denise Booth, Management Accountant, Ipswich Town Football Club said: “When it came to selecting a provider for auto enrolment, the list of demands was long. Firstly, we wanted to find a scheme that would cover all our employees including our multitude of casual staff that only work on match days. We also wanted to find a provider that was low cost both to us as an employer and to our employees. It was also essential that the scheme was well managed so that employees would feel confident that their pension was delivering on its promises.
“After an extensive search, we selected NOW: Pensions as it ticked all the boxes and more.”
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For further information:
Tel: +44 203 640 9075
Tel: +44 207 294 3615
Notes for editors
NOW: Pensions www.nowpensions.com
NOW: Pensions is a multi-employer trust. The investments are managed by NOW: Pensions Investments, a subsidiary of ATP inDenmark, and 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
- Win Robbins, former Head of European Fixed Income at Barclays Global Investors
NOW: Pensions is committed to developing a better workplace pension provision in theUKby offering a simple, high quality, cost efficient and systematically risk managed pension product that delivers better retirement savings forUKemployees. 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 one of the largest pension funds in Europe and 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 4.8 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 602bn/approximately GBP 67.5bn at 30 June 2013. ATP invests in a wide variety of assets globally. Investment categories are broadly: equities, interest rates, credit, inflation and commodities.