For Immediate Release: 20 March 2017
Following a robust selection process, NOW: Pensions has today announced the appointment of Redington as independent investment consultants to the Trustee Board. Redington has extensive experience in analysing and advising on the balanced risk style of investment management adopted by NOW: Pensions and will be a key partner for the Trust.
Redington’s advice will not just focus on the Diversified Growth Fund (DGF) but also on the overall investment proposition, supporting key areas of scheme governance such as independent analysis of value for members and good member outcomes.
Nigel Waterson, Chair of Board of Trustees of NOW: Pensions said: “The pensions market is rapidly evolving and as a master trust now operating with over 1 million members, we must ensure that our governance structure is continuously challenged and enhanced.
We look forward to building a close working relationship with Redington, and have every confidence that their insight and experience will be of great benefit to the trustee board.”
Lydia Fearn, Head of DC and Financial Wellbeing: “When people invest in a pension they are looking for simplicity, value for money and long term sustainability. NOW: Pensions is at the forefront of supporting members, not only in joining a pension scheme, but ensuring they achieve the best possible outcome when they choose to retire.
We are really excited to support the NOW: Pensions team in developing clear solutions that will play a part in helping its 1.2 million members achieve greater financial security in their future’.
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Notes to editors
NOW: Pensions www.nowpensions.com @nowpensions
NOW: Pensions is one of the UK’s largest workplace pension providers with over a million members and tens of thousands of employers from a wide range of sectors. A subsidiary of one of Europe’s largest pension funds, Danish pension scheme ATP, NOW: Pensions entered the UK market in 2011 with a simple and cost effective workplace pension designed specifically with the auto enrolment market in mind.
NOW: Pensions was one of the first providers to achieve independent assurance of scheme quality in accordance with the master trust assurance framework (AAF02/07) introduced by The Pensions Regulator in conjunction with the Institute of Chartered Accountants in England and Wales (ICAEW).
Redington is an independent investment consultant to pension funds and other long-term savings institutions. Redington advises over 60 clients that are responsible for over £350bn of assets.
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