Adecco Group has appointed NOW: Pensions to provide its workplace pension scheme under auto enrolment. From March 2013, the independent multi-employer trust will be responsible for providing the workplace pension for its workforce of approximately 23,000 employees who are eligible for autoenrolment.
As one of the UK’s leading recruitment consultancies, Adecco Group specialises in the following professional services and general staffing markets including: accounting & finance, legal, HR, public sector, IT & telecoms, engineering and property, admin, office support, secretarial, retail and manufacturing. It has a network of offices across the country and supports a broad customer base, from local business partners to large global clients. It was also the main recruitment partner for London 2012.
Adecco Group joins some other well-known recruitment consultancies who have appointed NOW: Pensions to provide their workplace pension solutions under auto-enrolment.
Matthew Johnson, Head of Compensation and Benefits at Adecco Group UK & Ireland, commented: “With the face of the pensions landscape changing, it was important for us to select the right pension scheme in order to meet our auto-enrolment obligations. Opting for a defined contribution multi-employer trust, in the form of NOW: Pensions, was therefore a straight forward choice given it is overseen by a Board of Trustees whose role is to ensure good governance and safeguard the best interest of its members. Furthermore, its simple design means the pressure is taken off us as the employer and avoids costly administration charges, whilst removing the burden of choice and ensuring the best possible retirement outcome for our employees.”
Morten Nilsson, CEO of NOW: Pensions, added: “Adecco Group understands what it takes to succeed in a competitive market and they have done their research in order to select a pensions scheme that is right for them. In this case a high quality master trust that adds value without being overly complicated. Our simple, cost effective solution removes the burden of choice from both employer and employee, and our independent Board of Trustees ensures members’ pension pots are protected. We look forward to working with Adecco Group and its employees.”
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