Troy Clutterbuck appointed interim CEO at NOW: Pensions

For immediate release 25 August 2017

NOW: Pensions today announced the appointment of Troy Clutterbuck as interim CEO replacing Morten Nilsson.

Troy has been with NOW: Pensions since August 2016 joining as CFO from Jardine Lloyd Thompson Group where, during a 15 year career with the firm, he held a number of key roles including CFO UK Employee Benefits and Commercial Director, Latin America and Canada.

Morten founded NOW: Pensions in the UK in 2011. Over the past six years he has played an integral role establishing the company as one of the UK’s leading auto enrolment providers with over 1.3 million members and more than 26,000 participating employers.

The Board would like to thank Morten Nilsson for his significant contribution in building NOW: Pensions from the ground up to its current position as a leading provider of pensions in the auto enrolment marketplace.

As the first phase of auto enrolment approaches its conclusion, the Board has decided that now is the right time to make this change in executive management. In doing so, the Board will help ensure that NOW: Pensions is well positioned to capitalise on its achievements to date and cement its position as a leading workplace pensions provider.

The chairman of the board of Trustees Nigel Waterson comments: “Morten Nilsson has made a huge contribution not only to the success of NOW: Pensions, but to the whole automatic enrolment project in the UK. He leaves an indelible legacy in the UK pensions sector.”

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For further information:

Amy Mankelow

NOW: Pensions

Tel: 07887 604640

amy.mankelow@nowpensions.com

Cheriton Lee

NOW: Pensions

Tel: 0203 826 1464

cheriton.lee@nowpensions.com

Notes to editors

A photograph of Troy is available on request.

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.

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
There is a need for a member-centric solution designed for ease of use with low costs and cutting edge investment strategy, which delivers long term stable returns. ATP's in-house investment capabilities, combined with our novel and innovative… — Lars Rohde, Governor of the National Bank of Denmark and Former CEO of ATP Group
I firmly believe in NOW: Pensions' principle that everyone deserves the right to a better retirement. I look forward to being part of the team which aims to achieve this in the UK. — Win Robbins, former Head of European Fixed Income Barclays Global Investors