The Retail Data Partnership to launch pension scheme in preparation for auto-enrolment

The Retail Data Partnership will introduce a pension scheme from 1 January in preparation for auto-enrolment.

The scheme will be provided by Now Pensions.

Stephen Burnett, chief executive officer at The Retail Data Partnership, said: “While we are a small organisation with just 19 employees, I firmly believe that it is important to offer employees access to a good pension, and I have been considering the options for a while.

“We felt Now Pensions offered the best option to suit our business – a low-cost pension scheme that was both simple for us to implement and easy for our employees to understand.”

Morten Nilsson, chief executive at Now Pensions, added: “One of our key aims is to make it as simple as possible for employers, large and small, to offer pension schemes to their employees.

“Auto-enrolment aims to ensure all employees in the UK are provided with a pension in retirement. We cannot stress enough the dire impact that high costs and poor performance has on an employee’s pension pot, and that is why we are committed to providing employers and employees with value for their money.”

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