For immediate release: Tuesday 22 December 2015
NOW: Pensions’ Trustee Director, Lord John Monks has been awarded the highest decoration in France – the National Order of the Legion of Honour (L’Ordre national de la Légion d’honneur).
The decoration is a French order established by Napoleon Bonaparte on 19 May 1802. It is the highest decoration in France and is divided into five degrees of increasing distinction: Chevalier (Knight), Officier (Officer), Commandeur (Commander), Grand Officier (Grand Officer) and Grand Croix (Grand Cross). It is awarded for excellent civil or military conduct.
Lord Monks received the decoration in recognition of his work on behalf of the trade union movement in the EU and, in particular, his work with French ministers and government.
Sylvie Bermann, French Ambassador to the United Kingdom said: “I am very pleased and honoured to award the Legion, the highest distinction in France, to a distinguished friend of our country. John presided over a number of social partnerships with employers when he had little support from EU governments and the environment was increasingly challenging. He always distinguished himself by his spirit of consensus.”
Lord John Monks said: “I am honoured to receive this medal from France as recognition for my trade union work in the UK and the EU. I am particularly honoured to be receiving it just after 19 British war veterans were recognised for their role in the liberation of France during the Second World War. I feel in very good company.”
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Notes to editors
NOW: Pensions www.nowpensions.com @nowpensions
NOW: Pensions is an independent, multi-employer trust serving thousands of employers and hundreds of thousands of employees from a wide range of sectors.
A subsidiary of one of Europe’s largest pension funds, Danish pension scheme ATP, NOW: Pensions offers a simple and cost effective workplace pension solution direct to employers and via advisers and the payroll sector.
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.
In January 2015, NOW: Pensions achieved independent assurance of scheme quality in accordance with the new master trust assurance framework (AAF02/07) introduced by The Pensions Regulator (TPR) in conjunction with the Institute of Chartered Accountants in England and Wales (ICAEW).
The NOW: Pension Trustee Directors, whose role is to safeguard the interests of members, comprises well-known industry figures with different areas of expertise:
- Jocelyn Blackwell, founding partner Dunnett Shaw
- Christopher Daykin, former Government Actuary
- John Monks, member of House of Lords and former General Secretary of ETUC and TUC
- Win Robbins, former Head of European Fixed Income at Barclays Global Investors
- Nigel Waterson, former Shadow Pensions Minister
Employee 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.