NMBA help fill auto enrolment education gap under partnership with NOW: Pensions

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26 June 2013

The New Model Business Academy (NMBA), the not-for-profit business and learning academy, has appointed NOW: Pensions as a new partner to support and educate its members about the upcoming auto enrolment opportunities.

NOW: Pensions will help prepare members ahead of auto enrolment so that they are best placed to service business owners being affected by the approaching developments.

Lee Travis, CEO of NMBA, said: “While we were originally set up to provide advisers with support through the RDR, we continue to attract quality partnerships to develop services for advisers across all sections of their business. Following demand from advisers, NOW: Pensions will educate our members about the opportunities of auto enrolment to help them generate business and best advise their clients in the timeframe.

“As a not-for-profit academy, our offering is dependent on the support of our partners. The fact that we now have a record number of supporting partners for our 14,000 strong members is testament to the value we bring and education services we offer to the profession.”

Morten Nilsson, CEO of NOW: Pensions added: “So far, only the largest employers have reached their staging date but from the end of this year the market will begin to accelerate. Thousands of firms every month will have to make sure they comply with the auto enrolment legislation and these business owners will need help and support.

“Auto enrolment can be complex and we are very pleased to partner with the NMBA to help inform members about all aspects of auto enrolment. Armed with the right tools and information, advisers should be well placed to capitalise on the opportunities that exist in the market.”

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Editor’s Note

The New Model Business Academy:

Launched in May 2008, the New Model Business Academy is a not-for-profit training and development academy. The users of the academy consist primarily of advisers, but also include paraplanners, administrators and individuals who are new to the industry. With over 13,000 users from the whole of market, NMBA offers professional and personal development support across the financial services profession.

NOW: Pensions  www.nowpensions.com   @NowPensions

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 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. 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.

Contacts:

Cat Ommanney

FWD PR

0207 623 2368

07792 768 267

cat.ommanney@fwdpr.co.uk

New Model Business Academy Limited. Registered in England under

Company No. 06542304.  A ‘not for profit’ division of the SimplyBiz group.

www.nmba.info

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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