Pensions - Articles - Prudential teams up with NEST and NOW:Pensions

 Prudential is linking with low cost providers Nest and Now: Pensions to provide two-tier pension schemes to employers.

 The link-up will allow employers to use either Nest or Now: Pensions alongside Pru’s own offering for automatic enrolment.

 Prudential head of client management David Caw says: “While we are providing Prudential-only solutions for many clients, we also expect that dual provider arrangements will be a feature of the auto-enrolment landscape.

 “As we seek out the best fit auto-enrolment solutions for clients ahead of their staging dates, working with Nest and Now: Pensions offers them a choice of propositions.”

 Nest chief executive Tim Jones says: “Many large employers currently getting to grips with auto-enrolment want to use different schemes for different groups of staff.

 “Nest is here to help make auto-enrolment easier for those employers and to provide a great value pension scheme for their workers.”