Be constructive: Tell people about solutions, not problems or scare-stories.
Read the full report supporting NEST’s Golden Rules
NEW RULES REGARDING AUTHORISED EMPLOYER PAYMENTS MADE BY NEST
6 June 2012
The rules regarding authorised employer payments in the Finance Act 2004 are amended by Statutory Instrument 2012/1258 . This may affect you if you are using NEST (National Employment Savings Trust) to provide a pension savings scheme for your employees. The instrument applies to a scheme established under section 67 Pensions Act 2008 should the scheme administrator purchase shares in a sponsoring employer, at a time when the overall value of the shares they hold in sponsoring employers represents 20 per cent or more of the market value of the scheme's overall assets. NEST is the only scheme established under section 67.
New rules regarding authorised employer payments made by the National Employment Savings Trust
Tax Information and Impact Note for Pension Schemes
NEST LAUNCHES SOCIAL MEDIA CAMPAIGN - FOOD, FUN AND FOOTBALL?
20 June 2012
The National Employment Savings Trust (NEST) has launched a social media campaign to ask consumers what makes 'Tomorrow worth saving for' launched on the back of new research showing millions not saving through fear of making mistakes. Less than six months before workplace pension reforms begin to take effect, new research published today suggests that low confidence, rather than unwillingness, may be one of the main reasons for people not saving enough for their later lives. The majority (71 per cent) agree they may not have put enough aside because they don't want to make the wrong decision about saving for retirement, whereas nearly half (47 per cent) agree it’s because they don’t know enough about what would be their best option. Those surveyed admit if they had extra cash available they would be more likely to spend it on holidays (40 per cent), home improvements (20 per cent) and socialising (20 per cent) than put it away for their retirement (12 per cent).
Currently, just one per cent of private sector employees who will be automatically enrolled into a pension scheme at work consider a pension essential spend.
The NEST research surveyed a representative sample of 1,847 jobholders not currently in a qualifying scheme.
On the back of the research, NEST, has launched a national campaign called 'Tomorrow is worth saving for'. Via social media, it asks consumers, 'what do you do now that you will still want to do when you're older? Going to the cinema, socialising with friends, going to the football?' and asks consumers to join a conversation to tell NEST what they think makes tomorrow worth saving for. NEST has developed ideas for potential adverts to highlight automatic enrolment and the role of NEST, and wants consumers to comment on these and give their own ideas.
CIPP Policy News Journal
12/04/2013, Page 262 of 362
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