Page 5 - Pensions Lost in a Maze

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5
AND IF I DON’T?
If you choose not to join the EPS there are three likely outcomes.
1. You will be auto enrolled into a Pension Scheme chosen by the
employer and enter The Maze and may choose to opt out.
2. You may opt yourself in to the employers scheme.
3. You may not even be offered access to a pension.
Why is it The Maze?
Your occupation creates The Maze as you will potentially work for a large
number of employers.
The Maze begins…
These employers have already chosen or are about to choose their preferred
Pension Provider for the purpose of Automatic Enrolment. There are three main
contenders – NEST, NOW & The People’s Pension.
NEST:
BBC, Chichester Festival Theatre, Disney, NT, some SOLT
& UK Theatre Managers
NOW:
ITV, Cam Mac, RSC, some SOLT & UK Theatre Managers
People’s:
ATG, NT of Scotland, some SOLT & UK Theatre Managers