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)
- Christopher Daykin, former government actuary
- Nigel Waterson, former shadow pensions minister
- Lars Rohde, chief executive officer of ATP Group
- Imelda Walsh, former group HR director at Sainsbury’s
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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