About now:pensions
Now: Pensions is a UK workplace pension provider focused on delivering simple, modern defined contribution pension solutions that help employers comply with UK auto-enrolment pension duties. Their employer portal now:u enables businesses to manage workplace pensions, contributions and communications efficiently.
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Perkwise Insight
NOW:Pensions is one of the UK's largest workplace pension providers. As the third-largest auto-enrolment provider by membership, they operate as a Master Trust scheme with independent trustee oversight. Founded in 2011 by ATP (Denmark's National Pension fund), NOW:Pensions was established specifically for the UK's auto-enrolment market. In February 2019, the provider was acquired by The Cardano Group, a UK-based risk and investment management firm. NOW:Pensions positions itself as a straightforward, cost-effective pension solution for UK employers implementing workplace pension obligations.
SMEs
From £36/month
17K employers
Key Features & Benefits
Two-Fund Simplicity
NOW:Pensions automatically invests members in the Diversified Growth Fund until they're 10 years from retirement, then gradually shifts money into the Retirement Countdown Fund. No choices required.
For employers with financially unsophisticated workforces, this removes all decision-making burden from employees. They're automatically moved through an appropriate glidepath without needing to understand asset allocation or risk management. It's pension investing on autopilot – which works great until someone actually wants control or different retirement outcomes.
NOW:u Digital Platform
The now:u app and website allow members to view their pension, see projections, combine other pensions, and update personal details.
Hhaving a mobile app for pension management is valuable for employees to have visibility over their pensions.
Implementation & Support
Setup Process
- Employer Code, Pay Code, and Scheme Code needed for payroll integration.
Technical Requirements
- Payroll software compatible with pension file uploads
- Employee data (names, NI numbers, earnings)
- Ability to process net pay arrangement correctly
Support Options
- Phone support
- Email support
- Web chat
- Online help center