Pensions World

The Retail Data Partnership has signed up as the first customer of NOW: Pension Trust (an independent multi-employer trust). The Retail Data Partnership will implement its pension scheme with NOW: Pensions from 1 January 2012.

Morten Nilsson, chief executive of NOW: Pensions, said: "One of our key aims is to make it as simple as possible for employers, large and small, to offer pensions to their employees and our solution lifts the burden of administering workplace pensions. We are delighted to be working with Stephen Burnett and the Retail Data Partnership, the first of what we hope to be many more customers in the UK over the coming months."

Stephen Burnett, chief executive officer of Retail Data Partnership, said: "While we are a small company with just 19 employees, I firmly believe that it is important to offer employees access to a good pension and I have been considering the options for a while.

"We felt NOW: Pensions offered the best option to suit our business – a high performance, low cost pension scheme that was both simple for us to implement and easy for our employees to understand. Our aim is to ensure our employees have access to the safest and best performing scheme available and we look forward to working with NOW: Pensions."

 www.nowpensions.com