Danish NEST rival reveals £1.50 per month charges

NOW claimed 95% of pension scheme members choose the scheme's default investment strategy, justifying its decision to offer just one. The strategy will be based on a managed diversified growth fund, a retirement protection fund and a cash protection fund. The trust will charge each member £1.50 per month for administration, plus a 0.3% annual product investment charge. NOW also claims its accompanying software will make it easy for employers to administrate alongside its payroll and human resources systems. Morten Nilsson, chief executive of NOW, pictured, said: "We believe auto...