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Tuesday, April 4th, 2023, 4:52 am

NOW: Pensions and the Missing 18,000,000 Pounds

Sounds familiar? Yes, Standard Life (2011-2016). Seems like a pattern…

TPR confirms end to ‘serious’ admin issues at Now Pensions

TPR confirms end to 'serious' admin issues at Now Pensions

TPR forces Now Pensions to overhaul admin system after £18m failing

TPR forces Now Pensions to overhaul admin system after £18m failing

NOW:Pensions failed to collect £18m of contributions

NOW:Pensions failed to collect £18m of contributions

Now Pensions fined for ‘long-running issues’

Now Pensions fined for 'long-running issues'

Summary: The above is important because of the timing. After 5+ years of pension fraud at Sirius ‘Open Source’ the company enrolled staff without paperwork/signatures and barely with any consent (in late 2016); to make matters worse, a few years ago it upped staff contribution levels without increasing its own, in effect forcing staff to send even more money (one’s own money, not the company’s) into this dubious pot with uncertain future.

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