NOW:Pensions

NOW:Pensions is a trust-based defined contribution workplace pension fund for non-associated employers, commonly referred to as a 'master trust'.

Background

The Pensions Act 2008 established new duties which require employers to automatically enrol eligible workers into a workplace pension plan that meets certain minimum standards. NOW:Pensions was set up by ATP of Denmark for employers requiring a scheme to fulfil their duties under the Act.

Sponsorship

In April 2013 the fund announced its a four-year Principal Partnership with Great Britain and England men’s hockey.^[1]

See also

• England Hockey
• Pensions in the United Kingdom
• UK labour law
• Basic state pension
• The Pensions Regulator
• National Employment Savings Trust
• The People's Pension

References

1. ↑ The sponsorship announcement between Now:Pensions and GB & England Men's Hockey

External links

• NOW:Pensions Website
• Details about automatic enrolment on the webpage of The Pensions Advisory Service (TPAS)
• Table in Pensions World showing key features of a range of master trust pension schemes
• Link to the UK Government web page covering the consultations on plans to apply a charge cap of 0.75% of funds under management on default funds of DC pension schemes from April 2015
• The Pension Regulator’s code of practice for DC schemes on the TPR website
• Link to UK Government web page announcing five millionth person to be automatically enrolled