# NOW: Pensions

NOW: Pensions is a Pension Fund based in London, United Kingdom.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** London, United Kingdom
- **Region:** Europe
- **Address:** 1 Tower Place West, Tower Place, London, England, United Kingdom, EC3R 5BU
- **Founded:** 2011
- **Assets under management:** 5B (Altss estimate)
- **Website:** www.nowpensions.com
- **LinkedIn:** https://uk.linkedin.com/company/nowpensions

## Regulatory record

- **Reports private funds:** No

## About

NOW: Pensions was founded in 2011 by ATP and sold to Cardano Group in 2019 before Mercer acquired the parent in 2024. The firm provides workplace pensions under a master trust structure for UK employers. Investment activity centers on a growth fund with 75% in global listed equities managed by Cardano, a 5% allocation to diversified commodities, and direct holdings in UK affordable housing valued at $63.5M. The firm also commits to the Schroders Mercer Private Assets Growth LTAF for private equity and infrastructure exposure. Geographic reach stays within the UK for real assets and extends globally for equities and commodities. The firm maintains memberships in the Mansion House Accord, Pensions Policy Institute, and PLSA. Cardano Risk Management serves as investment manager since 2019, with State Street as custodian and TCS handling administration from 2024. Mercer ownership supplies the primary structural link, integrating NOW: Pensions into a larger advisory platform while preserving its standalone master trust for UK savers.

## Sectors

- Real Estate
- Commodities
- Public Equities
- Private Equity
- Infrastructure

## People

- Joanne Segars OBE — Chair of the Board of Trustees

## Questions

### Who manages investments at NOW: Pensions?

Cardano Risk Management Limited acts as the primary investment manager under a mandate that began in 2019. Mercer provides additional strategic oversight following the 2024 acquisition.

### What asset classes does NOW: Pensions allocate to?

The growth fund holds global listed equities, UK affordable housing, diversified commodities, and commitments to private equity and infrastructure via the Schroders Mercer LTAF.

### How is NOW: Pensions structured relative to its owners?

It operates as a standalone master trust within the Cardano Group, now owned by Mercer, with separate governance through its board of trustees chaired by Joanne Segars OBE.

### Does NOW: Pensions commit to private markets targets?

As a signatory to the Mansion House Accord, the firm targets 10% allocation to private markets by 2030.

### Where does NOW: Pensions custody assets?

State Street serves as trust custodian for the master trust assets.

## Related profiles

- [New England Private Wealth Advisors](https://altss.com/profile/new-england-private-wealth-advisors)
- [Peter and Carmen Lucia Buck Foundation](https://altss.com/profile/peter-and-carmen-lucia-buck-foundation)

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/now-pensions

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology