The National Federation of Retail Newsagents (NFRN)has selected Now: Pensions as its preferred provider for auto enrolment. Now: Pensions is a subsidiary of Danish pension scheme ATP, one of Europe’s largest pension funds.
NFRN said it saw Now: Pensions as offering a high-quality, low-cost pension designed specifically for auto-enrolment pensions. The scheme has an annual management charge of 0.3% and monthly employee administration charge of £1.50.
Paul Baxter, chief executive, NFRN said complexities of pensions would be eased. “All we ask is that retailers find out their staging date by visiting The Pension Regulator’s website and inputting their PAYE reference number.
“They can then sign up with Now: Pensions in a matter of minutes via its website.”