Now Pensions to increase monthly admin charges for lower earners

Michael Klimes
clock • 2 min read

Now Pensions will increase monthly administration charges for lower earners when minimum auto-enrolment (AE) contributions go up next April.

Currently, the provider offers a discounted administration charge of 30 pence a month for members who earn less than £18,000 a year or, for deferred members, earned less than this amount when activ...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Contribution

DC entering 'new phase' with master trusts now 'dominant' in large scheme market

DC entering 'new phase' with master trusts now 'dominant' in large scheme market

Howden research reveals master trusts now account for 41% of large DC schemes

Holly Roach
clock 09 July 2026 • 1 min read
UK Pension Schemes Act - Turning reform into better retirement outcomes

UK Pension Schemes Act - Turning reform into better retirement outcomes

Steve Charlton says reforms should be judged by whether they actually improve outcomes

Steve Charlton
clock 06 July 2026 • 3 min read
Private markets putting increased focus on DC asset allocation

Private markets putting increased focus on DC asset allocation

Hymans says VfM framework could be one of the most ‘significant’ DC market developments in recent years

Martin Richmond
clock 06 July 2026 • 4 min read
Trustpilot