Intro 30 minute presentation Run through of the key issues and what as a business you will need to do.

What is auto enrolment? Auto enrolment is the UK’s new workplace pensions initiative – geared towards motivating the working population into saving towards their retirement. Put simply, you save into a pension and your employer saves with you. You even get tax relief too! But why do we need auto enrolment? The government estimates about seven million people are not saving at all for retirement, or not saving enough. Life expectancy is increasing. People will live longer in retirement and therefore the size of their pension fund needs to be larger to sustain this. The maximum basic State Pension an individual can receive is just £110.15 per week (2014/15), which for most people without additional retirement savings, may not be sufficient to make ends meet. Furthermore, the government may not be able to afford to keep the State Pensions at their current level in the long term.

Good news for your retirement

Who’s in the scheme automatically? Employees who are: Aged 22- State Pension Age Working in the UK Earning above £10,000 Will be automatically enrolled into their employer’s Pension scheme. The earnings amounts are reviewed by the Government annually and will change over time. The figures quoted in this guide relate to the 2017/2018 tax year. The earnings amounts are reviewed by the Government annually and will change over time. The figures quoted in this guide relate to the 2017/2018 tax year.

Not ‘Eligible’ ? – you can still join Employees who are: Aged 16 - 21 or State Pension Age - 74 Working in the UK Earning above £10,000 OR Aged 16 - 74 Earning above £5,876 but below £10,000 Have a right to opt in to their employer's pension scheme. The earnings amounts are reviewed by the Government annually and will change over time. The figures quoted in this guide relate to the 2017/2018 tax year. The earnings amounts are reviewed by the Government annually and will change over time. The figures quoted in this guide relate to the 2017/2018 tax year.

Not a high earner? – you can still join Employee who have a right to join their employer's pension scheme Aged 16-74 Working in UK Earning below £5,876 The employer only has to make a contribution for entitled workers if it is part of their contract of employment. The earnings amounts are reviewed by the Government annually and will change over time. The figures quoted in this guide relate to the 2017/2018 tax year. The earnings amounts are reviewed by the Government annually and will change over time. The figures quoted in this guide relate to the 2017/2018 tax year.

How are your investments managed? Investment professionals managing on your behalf Long-term view Balanced range of investments Track record The NOW: Pensions default investment strategy manages towards an assumed annuity purchase, de-risking from 10 years to each individual’s retirement The NOW: Pensions investment solution is made up of actively managed fund components combined within two phases – growth and protection. The strategy is designed to deliver long term stable returns and help members look forward to a secure retirement. Members are not asked to make any investment decisions. Instead, the NOW: Pensions Trustee Board shoulders responsibility for the investment solution which is designed to generate good outcomes for members. During the growth phase, contributions are invested in the Diversified Growth Fund which adopts an actively risk managed approach. When the member starts approaching retirement, their accrued fund and ongoing contributions are gradually switched towards the Retirement Countdown Fund. The role of the Retirement Countdown Fund is to reduce the overall risk exposure within the member’s accrued savings as retirement approaches. The Investment Manager for the funds is NOW: Pensions Investment A/S, a subsidiary of ATP based within their offices in Denmark. ATP has been managing pension investments for over 50 years. The Company manages total assets in excess of £68 billion, on behalf of 4.7 million members and 160,000 employers (Figures as at Sept 2014)

Your investments managed for you right through to retirement Each of the funds has a specific role to play. You may have a long time to go before you retire, or it may be just around the corner. Depending on how far away from retirement you are, we adopt a different approach to investing to make sure your pension fund is invested in the right place at the right time. To find out more about how we invest and aim to grow your pension savings, you can download a copy of ‘How we manage your pension’ from the NOW: Pensions website. The NOW: Pensions default investment strategy manages towards an assumed annuity purchase, de-risking from 10 years to each individual’s retirement The NOW: Pensions investment solution is made up of actively managed fund components combined within two phases – growth and protection. The strategy is designed to deliver long term stable returns and help members look forward to a secure retirement. Members are not asked to make any investment decisions. Instead, the NOW: Pensions Trustee Board shoulders responsibility for the investment solution which is designed to generate good outcomes for members. During the growth phase, contributions are invested in the Diversified Growth Fund which adopts an actively risk managed approach. When the member starts approaching retirement, their accrued fund and ongoing contributions are gradually switched towards the Retirement Countdown Fund. The role of the Retirement Countdown Fund is to reduce the overall risk exposure within the member’s accrued savings as retirement approaches. The Investment Manager for the funds is NOW: Pensions Investment A/S, a subsidiary of ATP based within their offices in Denmark. ATP has been managing pension investments for over 50 years. The Company manages total assets in excess of £68 billion, on behalf of 4.7 million members and 160,000 employers (Figures as at Sept 2014)

The company pension scheme Delete schemes not being used by the employer

What kind of retirement do you want? The government doesn’t know what kind of retirement you want, so you need to think about whether the amount paid into your pension is enough for the retirement you want It’s the salary you pay yourself when your employer’s no longer your source of income. Think about when in the month money gets tight currently, and think about how far the state pension will stretch People used to live for around 10 years after retirement, now there’s many of you in this room who’ll live to over 100. That’s about a third of your life being retired, so it’s important to do what you can so that you can enjoy life after work. It’s hard to know what you’ll need, but these questions could help: Kids – left home, university, weddings – will they still be a burden? House – mortgage paid off? Down-sizing? Holidays – Barry Island or Barbados? Income – State pension (what about before it starts?), property, investments, inheritance, still working just fewer hours

What will my pension cost? The amount of money you pay for the management of your workplace pensions matters a lot. Over 25 years, the impact of an extra half percent on the annual management charge can mean 20% less in retirement. Below you can see the charges that apply to an employee saving with NOW: Pensions:

Use if Creative Master Trust What happens next? Use if Creative Master Trust Unless you choose to Opt-Out, you will receive a welcome pack from your pension provider. The welcome pack will provide you with the information necessary to get started saving for your retirement. NOW: Pensions will not overload you with unnecessary information and documents, but will be in touch if there is anything you need to know.

What happens next? Unless you choose to Opt-Out, you will receive a welcome pack from NOW: Pensions. The welcome pack will provide you with the information necessary to get started saving for your retirement. NOW: Pensions will not overload you with unnecessary information and documents, but will be in touch if there is anything you need to know.