Since entering the UK market in 2011, backed by Danish pension fund ATP, NOW: Pensions has grown rapidly. It is now one of the UK’s largest auto enrolment providers with over 9,000 clients and nearly 550,000 members.
This growth has been achieved without the benefit of an existing client base, existing awareness or UK government sponsorship and NOW: Pensions is the only new private entrant into the auto enrolment marketplace.
The Nottingham office will be NOW: Pensions’ second UK site – in addition to its head office in London – and will play an integral role in the future growth of the business. NOW: Pensions will be recruiting staff in a number of areas including client support, technical support, sales, HR and IT.
Morten Nilsson, CEO of NOW: Pensions said: “The biggest test for auto enrolment is still to come. While over 5 million people have already been auto enrolled, just 3% of firms have had to comply with the legislation.
“From day one, we’ve always said that we’ll accept any and every employer into our scheme and we are anticipating huge demand for our services in 2016. To meet this demand and maintain our service levels, we need to expand our operations.
“Experience has taught us that employers require considerable support with the introduction of their schemes. Auto enrolment is complicated and many of the employers who’ll be tackling the legislation next year will have little or no experience of pensions.
Many of the people we’ll be hiring in Nottingham will be providing front line customer support.”
Councillor Jon Collins, Leader of Nottingham City Council, commented: “We welcome the news that NOW: Pensions will be establishing an office here in Nottingham. The city has a great reputation in the sector and combines a heritage of financial services industry with some of the most innovative young businesses working in the field today and the arrival of NOW: Pensions will enhance this mix. Nottingham’s investment in infrastructure, skills base and operational costs are ideal for businesses that are overheating in London. Working closely with the company, we are able to ensure that the benefit of this new investment will be felt by local people, with new jobs and opportunities on offer now and in the future.”
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