Danish pension fund launches rival to NEST

NOW Pensions will focus on delivering a greater retirement income for the UK population than current provision. The scheme will be open for business from early 2012, just before auto-enrolment begins. ATP head of international relations Morten Nilsson will become chief executive of NOW Pensions. Nilsson said: "Auto-enrolment is a very important development in pension provision in the UK. "It is vital for it to be a success and offer both employers and employees alike a good pension outcome based on cost efficiency, stable long term investment returns and a strong and member cent...