Pensions - Articles - NOW:Pensions comments on tPR publishing list of providers

 Commenting on the announcement, Morten Nilsson CEO of NOW: Pensions said: “For employers and advisers seeking high quality, value for money schemes for auto enrolment, today’s announcement is big step in the right direction. It is also a much needed vote of confidence in the assurance framework.

 A well-functioning market, is crucial to the continued success of auto enrolment and government, regulators and providers all need to work together to make sure small and micro firms are directed to the right places for the support they need.

 The next challenge will be to improve understanding and awareness of master trust assurance and the benefits to both employers and employees, otherwise there’s a danger its value will be overlooked.

 Recent research* conducted by independent financial researcher Defaqto on behalf of NOW: Pensions revealed that just under half (47%) of the 248 advisers surveyed weren’t aware of the master trust assurance framework. Nearly a third (30%) said they’d heard of it but didn’t know what it was for while only 23% said they knew what it was and its purpose.”