The Cardano Group acquires NOW: Pensions
Today, the Cardano Group has agreed to acquire 100% of workplace pension provider NOW: Pensions from ATP.
NOW:Pensions is one of the UK’s largest auto enrolment providers with more than 1.7 million members and over 30,000 employers from a wide range of sectors. As part of the transaction, all activities, customers and employees of NOW:Pensions will move across to the Cardano Group. The sale will be finalised later this year following the company’s ongoing authorisation process.
Interim ATP CEO, Bo Foged, says:
“NOW: Pensions has grown into one of the largest auto enrolment providers in the UK. The market has matured, and NOW: Pensions is entering a new phase of operation focused on asset growth. In view of ATP’s continued strategic focus on simplification and consolidation, we have found this to be the right time to exit the investment and sell the company to a new and dedicated owner who will take the company into the next phase of development in the UK market.”