You are using Internet Explorer - an outdated and unsupported browser, therefore sections of this site may not work as intended. We recommend you to reload the site in a modern browser such as Edge, Firefox or Chrome.

Microsoft's cybersecurity team actively encourages users to stop using Internet Explorer - Edge is now the default browser installed on Windows 10

Now: Pensions is up for sale!

23 February 2018

Two weeks ago we reported that Now: Pensions Trustee was fined £70,000 by The Pensions Regulator – now it’s up for sale

Now: Pensions is arguably the third-biggest master trust in the UK. The provider has been put up for sale following a catalogue of administration problems. These problems have led to the provider exiting the Pension Regulator’s approved provider list and a fine for its trustees.

The provider has been beset with administration problems since launch and has suffered several years of poor performance. So now it has been offered for sale to a number of parties over the last few months. However, at least one provider has rejected the £560m scheme because of ongoing concerns over its administration.

Watch this space for further developments…..