NOW: Pensions founder exits

NOW: Pensions founder exits

NOW: Pensions has announced the appointment of Troy Clutterbuck as interim CEO replacing Morten Nilsson.

Mr Clutterbuck has been with NOW: Pensions since August 2016 joining as chief financial officer from Jardine Lloyd Thompson Group where, during a 15 year career with the firm, he held a number of key roles.

Mr Morten founded NOW: Pensions in the UK in 2011.

Article continues after advert

Over the past six years he has played an integral role establishing the company as one of the UK’s leading auto enrolment providers with over 1.3 million members and more than 26,000 participating employers.

In a statement the board said it would like to thank Morten Nilsson for his "significant contribution in building NOW: Pensions from the ground up to its current position as a leading provider of pensions in the auto enrolment marketplace". 

As the first phase of auto enrolment approaches its conclusion, the Board said it has decided now is the right time to make this change in executive management.

"In doing so, the board will help ensure that NOW: Pensions is well positioned to capitalise on its achievements to date and cement its position as a leading workplace pensions provider," it stated.

The chairman of the board of trustees Nigel Waterson said: “Morten Nilsson has made a huge contribution not only to the success of NOW: Pensions, but to the whole automatic enrolment project in the UK. He leaves an indelible legacy in the UK pensions sector.”