Compare automatic enrolment workplace pensions

How the providers measure up

Things you might want from your pension scheme

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The People's Pension
NEST Smart Pension NOW: Pensions
Provider credentials
Length of time providing pensions in the UK? Over 30 years 4 years 2 years 4 years
i A master Trust?
i With type 2 master assurance framework?

Removed itself from the list in July 2017
Listed as a recommended provider on The Pensions Regulator website?

Removed from the list in July 2017
i Defaqto rating for workplace pension
5 stars
5 stars
5 stars
1 stars
i Pension Quality Mark ready?
Awards won since 2016?
12 awards i
9 awards i
0 awards
0 awards
Won customer service awards?
4 awards i
Employers signed up Over 65,000 Over 370,000 14,000 24,000
Number of members enrolled Over 3m Over 4.5m 100,000 1.1m
i Funds under management (last known reported figure) £2.1bn £1.6bn Figure unavailable £325m
Pension features
i Defaqto rating for workplace pension
5 stars
5 stars
5 stars
1 stars
i Tax relief at source?
Relief at source is the default option. Net pay arrangement also available
Relief at source only
Net pay arrangement only
Net pay arrangement only i
i Help with declaring compliance to The Pensions Regulator?
At retirement guidance?
Online support & partnered with LV=
Online support
Online support
i Help with automatic re-enrolment?
Guide, checklist, report to identify who to re-enrol, email reminders and online information.
Online information
Re-enrolement guide and online information
i Assessment tool?
How many funds are available? 8i 6i 4i 2i
Uncrystallised Funds Pension Lump Sum option available?i
Flexi Access Drawdown available?i
Salary sacrifice available?i
Monthly employee charge?
30p or £1.50 per month depending on earnings.
A different charge for deferred members.
Employee annual management charge?i 0.50% 0.30% 0.75% 0.30%
i Contribution charge?
No charge
1.8% of every contribution
No charge
No charge
Employer charge?
One-off charge to the employer is £500 plus VAT, but reduced to £300 plus VAT if signing up through an adviser, accountant, bookkeeper or other payroll professional.i
No charge
No charge
Ongoing monthly charge between £12.50 and £36 + VAT (based on number of employees and use of payroll bureau)


*Last known reported figure. Comparisons based on information sourced at June 2017. The information contained here is for general information purposes only and we accept no responsibility or liability for the use, reference to or reliance on any information contained here.


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