FOR IMMEDIATE RELEASE: Wednesday 17 January 2018
Workplace pension provider NOW: Pensions has today announced its enrolled 1.5 million members and signed up 30,000 employers – just six years on from accepting its first member.
The milestones were reached with the enrolment of an employee from Sealclean; a dry-cleaning and laundry service company based in Tonbridge, Kent, and the 30,000th employer is Quale Homes Limited, a housing development company from Fife, Scotland who signed up with the help of their payroll bureau Paterson Boyd & Co.
NOW: Pensions is a company wholly owned by Danish pension scheme ATP, one of Europe’s largest pension funds, launching in the UK in 2011. From a standing start and with no existing client base, it has grown to become the third largest master trust with more than £560 million* in assets under management.
Troy Clutterbuck, Interim CEO, NOW: Pensions said: “In a very short space of time, NOW: Pensions has gone from being a complete unknown to one of the largest workplace pension providers in the UK.
“As a rapidly growing company in a constantly evolving market we’ve had our challenges along the way. But, as auto enrolment matures, we remain committed to ensuring the policy is a success and that it delivers on its promise of providing thousands more people with a better retirement.”
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For further information:
Amy Mankelow / Cheriton Lee
Tel: 0203 948 9234 / 0203 948 9236
Tel: 0207 343 1600
Notes to editors
*£564 million Assets Under Management (AUM) as at 13 December 2017
NOW: Pensions www.nowpensions.com
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 company wholly owned by Danish pension scheme ATP; one of Europe’s largest pension funds. 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.