Danish pension provider ATP Group has announced that it is to launch an independent multi-employer trust ahead of the 2012 pension reforms.
The trust, Now Pensions, will focus on making it easier for UK employers to comply with auto-enrolment from early 2012.
The Now Pensions advisory board is as follows:
- John Monks, member of House of Lords and former general secretary of the European Trade Union Confederation (ETUC) and the Trade Union Confederation (TUC)
Lars Rohde, chief executive officer at ATP Group, said: “I am dedicated to giving people a decent pension and excited to be part of bringing this to the UK.
"There is a need for a member-centric solution designed for ease of use with low costs and cutting edge investment strategy, which delivers long-term stable returns.
Morten Nilsson, head of ATP International Operations and chief executive officer at Now Pensions, added: “Auto-enrolment is a very important development in pension provision in the UK.
"It is vital for it to be a success, and offer both employers and employees alike a good pension outcome based on cost-efficiency, stable long-term investment returns, and a strong and member-centric governance structure.†
"We believe that by leveraging ATP Group’s unique experience in running a similar scheme and its strong investment capabilities, Now Pensions is well placed to offer a better deal to UK employees.”
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