Introducinga pension that makes life easy

for you andsecure for your

employees

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Now is the time for something different

Please allow us to introduce ourselves. We’re NOW:

Pensions, and we’d like to be your pension provider. We’d like to

help you provide a simple and transparent pension scheme to your

employees. We’d like to help you manage the auto enrolment process,

in as painless a way as possible, and we’d integrate seamlessly

with your existing payroll and HR systems. It’s a privilege and

big responsibility to have other people’s money in our hands.

We’ll honour that by making wise investments on our members’

behalf. We work to protect your and your employees’ money, and

our commission-free standards ensure that the members’ money

remains their money. We’re your pension company, and we look

forward to working for you and your employees.

We believe it’s time everyone had a pension that worked for them.

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An experienced pension providerWe’re new. New to the UK, but not new to pensions. NOW:

Pensions is replicating ATP’s ethos of providing pensions to

virtually the entire Danish working population for the past

45 years. ATP has a long-standing track record of delivering

solid performance to their 4.7 million members. They have

consistently achieved a rate of returns significantly higher

than the average for the Danish and UK pensions industries,

and ATP is our fund manager.

We have also partnered with Xafinity Paymaster, a well-

established and award-winning UK third-party administrator,

with 2.9 million pension members.

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NOW: Pensions has an independent board of ...Trustee Directors and an experienced executive management

team who are looking after your best interests.

Nigel WatersonChair and

former Shadow Pensions Minister

Morten NilssonChief Executive

Christopher Daykin Former Government

Actuary

Jerry GandhiChief Operating

Officer

Lord MonksMember of House of

Lords and former General Secretary of ETUC and TUC

Mads GosvigChief Investment

Officer

John GreenfieldChief Financial

Officer

Imelda WalshFormer Group HR

Director of Sainsbury’s

Catherine ScottChief Relationship

Officer

Board of Trustee Directors:

Executive Management:

Win RobbinsFormer Head of European

Fixed Income, Barclays Global Investors and Credit Suisse Asset Management

John HarrisSales Director

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Why choose us

• We’re an experienced partner, with over 45 years of generating good, stable returns for our members.

• We work for you. Our governance processes ensure that our members’ money is invested responsibly.

• We preserve our members’ money, by not bombarding them with needless fees and surcharges.

• We make your life easier, with simple auto enrolment procedures and seamless integration with your existing systems.

• We manage risk in all market conditions, by diversifying our investments and adapting to changing economic climates.

• We take away the burden of choice. Our pension scheme will not drown your employees in a sea of endless choices that add no value and drive up costs for them. We keep things simple and thus make it easier for you to communicate scheme details to your employees.

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What we offer

A simple, transparent fee

structure

Easy auto enrolment procedures

Seamless integration with

your existing payroll and HR systems

Future proofing

Flexible branding to customise your workplace pension

scheme

Member service

Proven track recordLife insuranceThe ability to

transfer in other pension schemes

compliance reportingFlexible scheme

design

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Communication tailored to suit your company…

A full-service pension schemeFor your pension scheme to be a success, getting employee buy-

in is critical. We assist in each step of the on-boarding process,

including helping you to communicate to your employees the

benefits of their new pension scheme. We have a selection of

standard communication materials which we can tailor to suit

your HR strategies and brand. We can create versions with either

our or your own brand. We can even integrate into broader benefit

systems through data interfacing.

We also manage all regular communication related to your

pension scheme membership. On the member website, members

can find all relevant information about the scheme. Furthermore,

we send out letters and member information directly to your

employees so that you can focus on running your business. On

your employer website, you can find the details of your scheme,

fund management information, compliance reporting etc.

Your branding Co-branding Our branding

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Auto enrolment made easyRunning a pension can be a time-consuming affair. The new auto

enrolment requirements are complex and can make life difficult

for those responsible for HR and payroll. We have designed a

process that meets these requirements, keeps things simple for

you and does not cost you a small fortune.

Here’s what we can do for you:

• We let you know who needs to be enrolled and when.

• We check the contribution data and make sure it meets the legal standards.

• We help you understand where you are not compliant and guide you to meet your compliance duties.

• We handle the paperwork so that your pension reporting runs smoothly.

• We keep a record of who has opted out and tell you when they need to be re-enrolled.

Our auto enrolment process

Employee data Auto enrolment requirements Instructions

Hand over a data set with your employees’ details

NOW:Pensionsprovides your company

with the support to comply with

the auto enrolment requirements

Follow the instructions provided by

NOW: Pensions

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Simple and transparent charging structure

Providing a better pension for your employeesAt NOW: Pensions we like to keep things simple. We have a flat,

efficient operation that keeps our costs low. We can thus charge

your employees less for managing their pension. Here’s what a

NOW: Pension costs:

That’s it!Clean, simple and aligned to the underlying costs

Administrationcharge: £1.50*

per memberper month

Annual ProductInvestment

ManagementCharge:

0.3% of FUM

2012 – 2017£0.30

per member per month

2017 – 2018£1.00

per memberper month

FromOctober 2018

£1.50per member per month

Deferred member charges: Lesser of standard charges or 0.5% per annum

* Reduced charges to be applied duringauto-enrolment phasing for Low Earners

(<£18,000 per annum)

Standard Charges +

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Calculations based on a 25-year-old saving 8% of their annual salary into a pension fund (as per auto enrolment specifications), for 40 years with a starting salary of £26,000 (UK average salary) with 4% p.a. salary increase and fund returns of +7% p.a.

Accu

mul

ated

fund

s

0

200

400

600

800

1.5% p.a. charge

0.3% p.a. and

£1.50 p.m.charge

£547,000

£716,000

You can have up to 30% more in your pension pot from just not overpaying

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How do we keep costs down?NOW: Pensions has a simple and efficient administration system

designed to maximise pension returns for our members. We keep

our processes lean and efficient, using the latest technology to

keep costs down. Instead of wasting money on asking our members

to choose their own investments, we pool investments and make

sure your employees only pay for services that add value to their

pensions.

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Funds

Funds

Members

Members

NOW: Pensions’ members

Other pension schemes’ members

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Three main strategies and a glide into retirement

Managed Diversified Growth StrategyNOW: Pensions Investment provides a diversified growth investment product giving members a risk controlled, safe and modern investment with historical returns comparable to equity returns, but with far lower risk.

Retirement Protection StrategyNOW: Pensions Investment provides a retirement protection investment product that helps to control the risks related to purchase price movements on annuities.

Cash Protection StrategyNOW: Pensions Investment provides a cash based investment product that manages the need to safeguard the cash element of the final benefits usually taken at retirement.

Age

Risk

leve

l

ManagedDiversified

Growth Fund Diversified market risk

strategy Return target:

cash +3% Retirement Protection Fund A strategy reducing

the risk of changes in annuity price Return target: annuity prices

Cash Protection Fund Low risk strategy

Return target: cash return

When your employees are first enrolled with NOW: Pensions, we

invest their money in our Managed Diversified Growth Fund. The

aim of the fund is to grow their savings as much as possible, while

protecting their investment. Once your employees get closer to

retirement, we move them into the next phase, where the primary

goal is to protect their savings from market conditions, preserve

the buying power of their pension pots and ultimately get them

as much pension out of their savings as possible.

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Three transparent investment strategies

That grow with your employees’ needs

And adapt to changing market conditions

That’s our recipe for a good pension scheme

And here’s the best part, we know it works…

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We’re better because...

Per year average return on investment over the past 10 years*

ATP/NOW***

+7.4% p.a.

UK**

+4.5% p.a.

ATP (NOW:Pensions investment manager):

2011: +26.1% p.a.

We invest invest your and your employees’ money to get the most

value for your investment. Instead of investing on an individual

basis, a costly practice resulting in large fees and charges, we

pool investments under one investment manager. This way, we

can make sure you only pay for things that add value to your

pension pot. The scale enables us to better diversify and manage

risk – meaning more money for you when you retire.

We can’t guarantee future investment returns, but our investment

manager has been outperforming the market for a long time now.

Environmental, social and governance issues are important and

are a source of long-term growth and sustainable investment

returns.

* To 31 December 2010 ** Source: www.pensionsworld.co.uk*** Source: Danish FSA Please note that past performance

is not a guarantee of future performance.

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Acknowledgments

A pension isn’t something you think about every day. You just

want it to be there when you need it. However, at NOW: Pensions,

all we think about is your pension. Our primary goal is to make

sure members get good, consistent returns on their investments,

and we have an award-winning strategy to help us meet that

goal. Many of the awards won by ATP in recent years have been

from Investment and Pensions Europe (IPE), the “Oscars” of the

pensions industry.

IPE Awards

2011: Gold Award: Best European Pension Fund, Gold Award: Best Long-term Investment Strategy and Best Risk Management Solutions Award

2009: Gold Award: Best European Pension Fund and Portfolio Construction/Risk Management Award

2008: Silver Award: Best Public Pension Fund in Europe

2007: Best Pension Fund in Denmark

2006: Silver Award: Best Public Pension Fund in Europe

2005: Gold Award: Best European Pension Fund

“ ATP is an exceptionally well-oiled and intelligent pension investment machine, which at all business levels develops innovative solutions. Despite huge challenges in the business during recent years, ATP has impressed with its investment results, low costs and risk management. ATP does not only set new standards but turns the pensions world upside down.” (The judges’ explanation for awarding ATP the most distinguished award.)

The IPE judges 2009

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Our approach to business We base our business on three principles:

• Simplicity – pensions needn’t be complicated. We keep things

simple for you by relieving you of the burden of choice. We make

it easy for you to keep an eye on things and monitor your pension

pot and make transfers in/out.

• Transparency – you will be able to see what we’re doing. We

have no hidden fees, no complicated investment choices, just

three funds, a low administrative fee and a straightforward auto

enrolment process.

• Accountability – our investment managers know for whom

they’re working. You. Our governance procedures include an

employer forum that represents members’ interests. It’s their

job to check up on us and let us know how we can do things

better. So you know your money is in safe hands.

Transparency

Simplicity

Accountability

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That’s what we’d like to do for you. We’d like to work with

you to give your employees the pension they deserve,

without creating an abundance of extra work for you. So

give us a ring on 0 333 33 222 22 and let us get started

working for you.

Third Floor164 Bishopsgate

LondonEC2M 4LX

United Kingdom

Tel: +44 (0) 333 33 22 222www.nowpensions.com

NOW: Pensions is a UK occupational pension plan. Membership is only available through an employer.

This is written as a general guide only. It should not be relied upon as a substitute for specific professional advice.

Please note past performance is not a guarantee of future returns.