Workplace pensions provider NOW: Pensions has today announced the signing of its 30,000th employer, as well as enrolling its 1.5 millionth member – just six years on from accepting its first member.
The 30,000th employer, Quale Homes Limited, from Leven, Fife, signed up to NOW: Pensions with the help of accountancy firm Paterson Boyd & Co, based in Glenrothes and manages their staff payroll and pensions contributions into the workplace pension scheme.
NOW: Pensions is a company wholly owned by Danish pension scheme ATP, one of Europe’s largest pension funds and launched 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.
Ricky Heffron, Director, Quale Homes Limited said: “All of us at Quale Homes are delighted to be announced as the 30,000th employer of NOW: Pensions. Providing a workplace pension is important to us as it displays our commitment to our workforce and in return our workforce have reassurance they are saving towards a happy and prosperous retirement.
“Quale Homes are currently experiencing rapid growth, we have an excellent working relationship over more than 25 years with Neil at Paterson Boyd & Co.”
Neil Robson, Director, Paterson Boyd & Co said: “We have formed a professional and productive business relationship with NOW: Pensions over the last 3 years since the commencement of the Auto Enrolment regulations and guide our clients through the complexities of the new statutory requirements.”
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.
“1.5 million members and 30,000 employers is a very big achievement for us and we are delighted to be marking the occasion with Paterson Boyd & Co and Quale Homes Limited. We hope to be working alongside both businesses for many years to come as we continue to help their employees towards a more financially secure future.”
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For further information:
Amy Mankelow / Cheriton Lee
Tel: 0203 948 9234 / 0203 948 9236
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 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.
Paterson Boyd & Co http://www.patersonboyd.com/
Paterson Boyd & Co Ltd are a Chartered Accountancy practice registered with the Institute of Chartered Accountants of Scotland, based in Fife with offices in Glenrothes and Leven and a staff compliment of 30 offering the full range of support and advice to companies, businesses and individuals on all accounting, audit, taxation and business development matters.