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.

I am excited to be joining such a distinguished Board of Trustees, over-seeing a modern, transparent, cost efficient and high-performing pension fund. — Win Robbins, former Head of European Fixed Income Barclays Global Investors
“Redington’s Investment Committee assigned an Approved Rating to the NPI DGF and positive on the fund.” — Redington
I'm excited by the opportunity to help bring to the UK auto-enrolment market NOW: Pensions, a customer-friendly and responsive trust-based alternative to NEST and to contract-based offerings. — Chris Daykin, the former Government Actuary
Over a short period of time, NOW: Pensions has established itself as a respected and credible player in the UK workplace pensions market attracting thousands of employers and hundreds of thousands of members. Joining the team at such a crucial time… — Jocelyn Blackwell, Founder of Dunnett Shaw and Raising Standards in Pensions Administration
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