The NFRN chooses Now: Pensions to provide high quality low cost pensions

The National Federation of Retail Newsagents (NFRN), one of Europe's largest retail trade associations with over 16,000 independent news and convenience retailers in membership, has selected Now: Pensions as its preferred provider for auto enrolment.

Now: Pensions offer a high quality, low cost pension designed specifically with the auto enrolment market in mind.

Morten Nilsson, CEO of Now: Pensions said: "For small retailers across the country, auto enrolment can feel daunting and the vast majority will have no experience of setting up or administering a pension scheme - many won't know where to start."

Founded in 1919, the NFRN helps independent retailers throughout the UK and Ireland compete more effectively by providing practical help and assistance, commercial support and training to its members.

NFRN chief executive Paul Baxter said: "Retailers depend on our organisation to provide guidance and support to ensure they are working with endorsed suppliers.

"Having completed our research, we are delighted to recommend NOW: Pensions to our members."

He added that retailers are required to find out their staging date by visiting The Pension Regulator's website and inputting their PAYE reference number, before signing up with Now: Pensions in a matter of minutes via its website.

Available to all employers and all employees on the same terms, Now: Pensions couples a low annual management charge (0.3%) with an easy to understand monthly employee administration charge (GBP 1.50).

Now: Pensions is a subsidiary of Danish pension scheme ATP, one of Europe's largest pension funds.

"Trade associations have a vital role to play and the National Federation of Retail Newsagents is taking a proactive approach to auto enrolment guiding its members through the process from start to finish," said Morgen Nilsson, Now: Pensions CEO.

First published 23.04.2015

Lindsay.sharman@wilmintonplc.com