NOW:Pensions
British private pensions scheme
From Wikipedia, the free encyclopedia
NOW: Pensions is a private UK-based pensions scheme.[1][2]
| Company type | Privately held company |
|---|---|
| Industry | Financial services |
| Founded | 2011 |
| 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]