The National Employment Savings Trust (NEST) Corporation have revealed that almost 100 employers have so far signed up to use NEST ahead of the introduction of employer duties in 2012. Of the 25 employers already using NEST, case studies of the early experiences of three firms, F2 Chemicals based in Preston; Metal Assemblies, based in West Bromwich; and Positive Support in Tees CIC, based in Hartlepool, were shown at an event to showcase NEST’s work to date, held in London. Some of the larger employers also considering using NEST include Gondola Group (which includes companies such as Pizza Express), Sodexo, Spirit Pub Company and Travelodge.
NEST AWARDS TOP-UP PENSION CONTRACT TO AVIVA
15 October 2011
The National Employment Savings Trust (NEST) Corporation have announced it will be one of the employers offering membership of NEST to its employees, together with a private top- up group personal pension scheme, provided by Aviva. NEST Corporation is among a range of employers of different sizes and sectors using NEST ahead of the introduction of new workplace pension duties in 2012. NEST Corporation’s staging date, when it becomes subject to the new duties, is likely to be in 2014. As well as being given the opportunity to pay into NEST from later this year, permanent members of staff will be offered a top-up scheme, provided by Aviva, for contributions over NEST’s annual contribution limit of £4,200 (in 2011 terms). Total employer and employee contributions to NEST Corporation’s arrangements will amount to 13 per cent of basic salary. NEST SIGNS UNITED NATIONS-BACKED PRINCIPLES FOR RESPONSIBLE INVESTMENT 2 November 2011 The National Employment Savings Trust (NEST) have announced it has become a signatory to the UN-backed Principles for Responsible Investment (PRI), a framework for responsible investment. There are currently 120 UK-based signatories to the PRI, including 26 asset owners. Globally, there are 930 signatories. NEST believes that factoring in environmental, social and governance (ESG) issues across all asset classes and markets where possible is in the interests of our members. For full details read the NEST press release
NEST LAUNCHES AUTOMATIC ENROLMENT GUIDE FOR EMPLOYERS
2 November 2011 The National Employment Savings Trust (NEST) Corporation today published its automatic enrolment guide for employers, which sets out what organisations need to consider ahead of the Government’s changes to workplace pensions with indications of when they might need to take action.
CIPP Policy News Journal
09/10/2012, Page 164 of 234
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