Cardano agrees acquisition of Now Pensions

Ahead of master trust deadline

Kim Kaveh
clock • 2 min read

Cardano Group has agreed to acquire 100% of workplace pension provider Now Pensions with just over six weeks to go until the master trust authorisation deadline.

The acquisition is expected to complete later in 2019 following Now Pensions' authorisation by The Pensions Regulator (TPR) as part of the ongoing master trust authorisation process. Now Pensions has said it anticipates transferring its investment management mandate from Now Pensions Investments in Denmark to Cardano's UK-based fund management team subject to completion of due diligence by the trustee. The acquisition brings together Cardano's investment skills and experience in the defined benefit and defined contribution (DC) markets with Now Pensions' auto-enrolment platform and ad...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Retirement

How advisers can play a role in boosting wellbeing in retirement

How advisers can play a role in boosting wellbeing in retirement

A happy retirement is the 'north star'

Cecilia Furner
clock 08 November 2024 • 3 min read
Partner Insight: Embracing the future of retirement planning

Partner Insight: Embracing the future of retirement planning

Brooks Macdonald
clock 31 October 2024 • 2 min read
Pension tax rules uncertainty shows 'need to shift retirement planning'

Pension tax rules uncertainty shows 'need to shift retirement planning'

Needs to include wider considerations of capital drawdown beyond pensions

Isabel Baxter
clock 24 October 2024 • 2 min read