For immediate release: Friday 11 April 2014
NOW: Pensions, the multi-employer trust, is working together with ADP®, one of the world’s largest suppliers of business outsourcing and Human Capital Management solutions, to provide its UK clients with an integrated auto enrolment process.
NOW: Pensions will be available to ADP’s UK payroll clients, who are looking for seamless payroll and auto enrolment pension provision, where scheme acceptance is guaranteed once the online documentation is verified.
This relationship removes the burden of work for employers, significantly reduces implementation risk and means that ADP and NOW: Pensions deliver a complete straight through process for employers. There is no scheme underwriting, no minimum membership numbers or any minimum member contribution levels.
With ADP’s extensive expertise in payroll systems delivering the required employee assessment and NOW: Pensions handling the statutory communications for all categories of employees (including eligible, non-eligible and entitled workers), as well as the ongoing pension administration, employers have a complete solution that requires little ongoing work and intervention.
Trevor Townsend, Product Development Director at ADP said: “As a trusted payroll provider it makes sense for us to work with a pensions provider like NOW: Pensions so that we can provide our clients with a solution which eases the burden of Auto Enrolment. We recognised that together we could deliver a complete solution that removes most of the work that employers need to undertake to deliver a fully compliant and attractive auto enrolment proposition.”
Morten Nilsson, CEO of NOW: Pensions said: “For employers tackling the complexities of auto enrolment, payroll providers are very often the first port of call for support. We are delighted to work alongside ADP to support their clients through the process and beyond.”
For further information:
Tel: 07941 105879
Tel: +44 207 294 3620
NOW: Pensions www.nowpensions.com
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.
The NOW: Pension Trustee Directors, whose role is to safeguard the interests of members, comprises well-known industry figures with different areas of expertise:
- 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
- Imelda Walsh, former Group HR Director of Sainsbury’s
- Nigel Waterson, former Shadow Pensions Minister
With more than $11 billion in revenues and more than 60 years of experience, ADP® (NASDAQ: ADP) and its 60,000 employees serve approximately 620,000 clients in more than 125 countries. As one of the world’s largest providers of business outsourcing and Human Capital Management solutions, ADP offers a wide range of human resource, payroll, talent management, tax and benefits administration solutions from a single source. ADP’s easy-to-use solutions for employers provide superior value to companies of all types and sizes. ADP is also a leading provider of integrated computing solutions to auto, truck, motorcycle, marine, recreational vehicle, and heavy equipment dealers throughout the world. For more information about ADP or to contact a local ADP sales office, reach us at 0800 180 4994 or visit the company’s UK Website www.uk.adp.com or follow us on Twitter @ADP_UK.
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