The campaign is aimed at raising awareness of NEST and automatic enrolment. NEST wants to help consumers to put pensions in the context of their lives today and think about what difference a pension could make to their later lives.
Read the full press release from NEST
NEST ANNUAL REPORT AND ACCOUNTS 2011/12
24 July 2012
For any employers considering NEST (National Employment Savings Trust) as an automatic enrolment option, you may be interested in their annual report.
NEST has today, 19 July, published its Corporation annual report and accounts and the Scheme accounts for 2011/12.
Key highlights from the Corporation report and accounts include:
NEST was open for business to its first volunteer employers during the year. By 31 March 2012, NEST had around 100 registered employers, over 800 members and net assets of around £500,000. These volunteer firms have allowed the scheme to test and further improve its new systems and business operations with low volumes in readiness for the onset of automatic enrolment NEST received notifications from a number of large employers with their duty dates in the year 2012/13 of their intention to use NEST and agreed partnership arrangements with many of the existing private pension providers NEST welcomed four new members to the Corporate Trustee board and established the Member and Employer Advisory Panels NEST procured and integrated a sophisticated risk system from MSCI Barra International and developed an in-house modelling platform allowing us to constantly monitor and manage investment risks NEST began a partnership with The Co-operative Asset Management to support our engagement activities with the companies we invest in and the integration of governance, environmental and social factors into our investment approach.
Visit NEST’s library to read the full report and accounts.
DWP CONSULTS ON REMOVING NEST RESTRICTIONS
6 November 2012
The Department for Work and Pensions has published a call for evidence which seeks views on the impact of the annual contribution limit and the transfer restrictions placed on the National Employment Savings Trust (NEST).
The call for evidence includes the suggestion to completely remove the annual contribution limits and transfer restrictions at the end of staging in February 2018, and also the freedom to move pension pots into and out of NEST. The call for evidence also explores: whether the perceived complexity of these two constraints is inhibiting employer choice, even where the workforce is in NEST's target market; the extent to which commercial providers are able to supply low-cost provision to a very diverse range of employers as automatic enrolment gathers pace; and
CIPP Policy News Journal
12/04/2013, Page 263 of 362
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