Now: Pensions is opening a second office in Nottingham in November employing up to 250 new jobs over the next two years as it prepares for the small and micro phase of auto-enrolment rollout.
Since entering the UK market in 2011, backed by Danish pension fund ATP, Now: Pensions has established over 9,000 clients holding nearly 550,000 members.
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.
Now: Pensions CEO Morten Nilsson says: “The biggest test for auto enrolment is still to come. While over 5 million people have already been auto enrolled, just 3 per cent 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, says: “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.”