NOW:Pensions

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NOW: Pensions is a private UK-based pensions scheme. [1] [2]

Contents

NOW: Pensions
Company type Privately held company
Industry Financial services
Founded2011
Services Defined contribution (DC) pension plans
Website www.nowpensions.com

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. ATP launched Now:Pensions in early 2012, Morten Nilsson was headed the group as CEO. [2]

During the three years leading up to June 30, 2017 Now:Pensions achieved a 2.8 percent annualized return, which was significantly less than the returns achieved by almost all of its competitors during the same time. [2] [1]

In November 2017 the Pensions Regulator fined the trustees of Now:Pensions £50,000 for administration problems. Followed by a fine for £20,000 in February 2018. [2] [3]

In February 2019, The Cardano Group acquired Now:Pensions from ATP [4] after Now:Pensions ran into multiple administration problems and years of poor performance. [2]

In 2025, Now:Pensions made its first investment in private markets with an allocation to UK affordable housing. [5] [6]

See also

References

  1. 1 2 Cumbo, Josephine (2019-01-23). "NOW Pensions executive grilled by MPs on poor performance". Financial Times . Retrieved 2024-07-15.
  2. 1 2 3 4 5 Greenwood, John (22 February 2018). "Now:Pensions put up for sale". Corporate Adviser. Retrieved 27 November 2019.
  3. ↑ "TPR fines trustee of NOW: Pensions and sets deadline by which problems must be fixed". The Pensions Regulator.
  4. ↑ "The Cardano Group acquires NOW: Pensions". ATP. Retrieved 27 November 2019.
  5. ↑ Staff, I. P. E. (7 July 2025). "Now:pensions enters private markets with first investment". IPE.
  6. ↑ Simon, Emma (7 July 2025). "Now: Pensions makes first investment under Mansion House Accord". Corporate Adviser.
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