NOW: Pensions appoints Redington for independent investment advice

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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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For further information:

Cheriton Lee

NOW: Pensions

Tel: 07557 109 838

cheriton.lee@nowpensions.com

 

Lauren Roberts

NOW: Pensions

Tel: 0207 566 9760

nowpensions@lansons.com

 

 

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 Ltd.

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.

Investment consultancy is all we do

Our business is structurally aligned with our clients’ long-term success. Redington does not offer fiduciary or fund management services.

Total Focus on Clients’ Needs

All advice begins with building a deep understanding of each client’s unique goals, objectives, constraints and responsibilities.

Clear, Framework-Based Approach

Helping clients to stay focused, avoid distractions and make better decisions. We use a framework to get all stakeholders on the same page in order to ‘get things done’.

Delivering Better Outcomes

People at Redington are always searching for new investment ideas and risk management techniques to improve client outcomes. All clients are in control of their journey and feel confident about achieving their goals.

Sense of Responsibility

As Redington grows, the firm continues to hire people with a shared sense of responsibility, openness, clarity and long-term focus.

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“Redington’s Investment Committee assigned an Approved Rating to the NPI DGF and positive on the fund.” — Redington
I'm excited by the opportunity to help bring to the UK auto-enrolment market NOW: Pensions, a customer-friendly and responsive trust-based alternative to NEST and to contract-based offerings. — Chris Daykin, the former Government Actuary
NOW: Pensions 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. — Mark Manaton, Managing Director, Blue Arrow Group
I am backing NOW: Pensions, the ATP project, because I believe it will encourage transparency, low costs and decent returns for millions of British employees. — Nigel Waterson, former Shadow Pensions Minister
ATP comes to the UK pensions world with the highest commendations from the Danish trade unions, employers and government. NOW: Pensions' offering in the UK will be high quality, low cost, and honest and I'm proud to be associated with it. — John Monks, member of House of Lords and former General Secretary of ETUC and TUC