Our new platform, now:u, puts pensions into the palms of your employees. Just where they expect them. Meaning you have more time to get on with running your business.
Watch our video to hear CEO Patrick Luthi and Deputy CEO Claire Bowyer share the now:u strategy that’s shaping the future of now:pensions.
Building on the best of Gateway, enabling you to use your time as efficiently as possible.
Giving them easy access to a new online member account with more functionality.
Additional post-retirement solutions for members.
More investment choice.
Simple, straightforward and hassle-free for all users.
We keep pricing low and service high.
Our model is designed to flex from the smallest to larger businesses.
Our regional teams are always on hand to help and discuss any client queries.
now:u will make running your pension quicker and easier. You’ll be able to:
Watch our video to see the new and improved now:u employer portal.
Our Trustee regularly reviews the investment strategy to improve how members’ pension savings are invested, and to make sure members get good value for money. As a result of this review, several changes have been made.
The changes will make it easier for members to understand how their savings are invested.
We still expect members to take their pension savings as a lump sum, so our plan is designed to protect the buying power of their savings as they near retirement. To give members’ savings longer to grow, we’ve reduced the time it takes for their savings to move between the Diversified Growth Fund and the Retirement Countdown Fund by five years.
We’ll continue developing how we invest members’ savings in line with our sustainability priorities and investment beliefs.
We’re introducing investment choice to complement our current default investment strategy, giving members more flexibility over their pension savings.
When we launch our now:u pension platform and proposition, members who want to save into a Shariah-compliant fund will be able to do so online and on the now:u app.
The Shariah Fund doesn’t offer gradual de-risking as members approach retirement. However, we’ll soon introduce a Shariah Plan which does.
We’ll tell you more about new investment plans in the months ahead.
When we launch now:u, members will have more ways to take their savings from now:pensions.
Right now, members can take their savings as cash in one go, or transfer all their savings to another pension provider to access a range of options, including buying an income for life (annuity) or taking income when they want it through drawdown.
With now:u, we’ll be introducing multi-lump sum withdrawals, which will allow members to spread their withdrawals over a number of years.
To bring you all this we’ve partnered with Tata Consultancy Services Limited (TCS) for administration and technical expertise. TCS is a global IT consultancy dedicated to finding and delivering new business solutions through technology. We believe they have the scale, experience and shared passion for pensions that will enable us to take our pension proposition to the next level.
Look out for lots more information. In the run-up to the launch, we’ll be telling you everything you need to know to make the most of now:u.
If you’ve got any other questions about now:u, please contact us.
