Making Pension Auto-Enrolment Easier
Tue 22nd Jan 2013 | Money & Finance
Who says meeting the auto-enrolment challenge needs to be complex?
NOW: Pensions is a newly established independent, multi-employer trust, which is supported by ATP - Denmark's leading pension provider. With over 45 years’ experience providing Denmark’s working population with stable and consistent pension’s returns, NOW: Pensions is set to transfer the knowledge acquired in Denmark to the UK pension market by offering a robust and unique approach to pension savings.
We are an occupational pension scheme that has been designed to support employers - of all sizes - manage their duties in compliance with the new auto-enrolment pension’s legislation. NOW: Pensions is committed to developing a better workplace pension provision in the UK by offering a simple, systematically risk managed, cost efficient and high performance pension product that delivers better retirement savings for UK employees.
For too long has the pensions industry been mired in unnecessary complexity, high charges and poor performance; NOW: Pensions delivers a pension product that has single purpose; to benefit your employees. By utilising a simple charging structure we deliver transparency and fairness. We charge 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.
Our solution is based on a single investment solution that is designed to increase engagement with employees; the overall strategy is to combine long term performance with short term protection. Built on ATP’s experience and award winning investment strategy, we aim to deliver stable returns on investment in any economic climate and to ensure members are left with a secure income in retirement.
Auto-enrolment can seem like a complex assignment for many, if not managed effectively, expose the employer to financial and reputational risk and challenge the resources of payroll departments that are already faced with many other tax and National Insurance complications. Our solution can take away the burden of responsibility from HR and payroll, navigating you through the auto-enrolment maze.
The offering for auto-enrolment sits firmly in the middle of the employer/employee/pension scheme relationship and will provide employers with a seamless management tool to ensure their legislative duties can be fulfilled. It is underpinned by clever use of technology both in its processes and reporting, delivering easy on-line access for all employees to implement the options that are relevant to them
NOW: Pensions have adopted an ideology based on simplicity and efficiency, this keeps thing simple for our clients and members; by reducing the impact of administration and compliance, our customers have more time to devote to things that matter for their business.
Auto enrol your employees into a better pension NOW:
Tel: 0333 33 222 22 or visit nowpensions.com
Posted by: Aaron Gourley
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