View more on these topics

ATP plans a multi-employer trust scheme to rival Nest

ATP has confirmed plans for a multi-employer trust-based pension scheme to rival Nest ahead of automatic enrolment.

In March, Money Marketing revealed the Danish public pension firm was planning a UK scheme targeting low and middle-income earners.

The scheme, called NOW Pensions, will be accepting members from early 2012.

Former Conservative Shadow pensions minister Nigel Waterson is one of five member of the NOW Pensions’ advisory board.

Current ATP head of international operations Morten Nilsson will head the scheme. He says: “Auto-enrolment is a very important development. It is vital for it to be a success and offer both employers and employees a good pension outcome.”

A Nest spokeswoman says: “We welcome any initiative that will improve pension provision and help UK citizens achieve financial security in retirement.”

Recommended

Conference calls

The party conference season is again upon us, giving a perfect opportunity for new thinking on policy issues in the financial services arena. Or then again, perhaps not. This year’s events, like last year, come during another period of continued economic turbulence, with no one sure of predicting recovery or further recession. Fresh thinking arguably […]

Tisa’s launch to ease fund re-registration

The Tax Incentivised Savings Association’s re-registration contract club has launched and it is inviting firms to become members. The Tisa Exchange Limited has been developed to help with the electronic transfer of assets between platforms and aims to become the industry standard for re-registration contracts. Members of TeX will pay a one-off joining fee of […]

James Hay parent £205m takeover deal terminated

James Hay parent company IFG and private equity firm Bregal Capital have terminated discussions over a proposed £205m takeover. In May IFG announced that it was in talks with two firms over a possible acquisition. On August 31 the company signed an exclusivity agreement with Bregal. However in a statement today IFG says: “In view […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment