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
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
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