The Work and Pensions Committee is appointed by the House of Commons to examine the expenditure, administration, and policy of the Department for Work and Pensions and its associated public bodies.
“The CIPP welcomes the committee’s recommendations which support the CIPP members’ views. The CIPP submitted its formal response at the end of January 2013.”
CIPP response to call for evidence
NEST INTRODUCES NEW EMPLOYER PAGES TO WEBSITE
8 May 2013
As part of a number of planned changes NEST have updated the Employer pages of their website.
NEST have looked to improve their web content in an aim to provide Employers with more help and guidance on the subject of Auto Enrolment.
NEST CONSUMER VIDEO
23 May 2013
NEST has launched a consumer video on their social media channels to reinforce the message about employer contributions. The video focuses on a day in the life of a worker who gets a ‘helping hand’ from their boss. NEST research shows that employer contributions are key to staying opted in to their automatic enrolment scheme. NEST are hoping that you will use this video to communicate with your workers, helping them to understand what automatic enrolment means for them.
AUTOMATIC ENROLMENT - GOVERNMENT WILL TAKE ACTION TO LIFT RESTRICTIONS TO NEST
9 July 2013
The Department for Work & Pensions (DWP) have published the government response to the call for evidence on the impact of the annual contribution limit and the transfer restrictions to NEST. The DWP have issued a Press Release that confirms that Ministers have decided to legislate now to lift the constraints from 2017. Employers will therefore have certainty that NEST will continue to remain a suitable pension scheme for their workers when minimum contributions rise to 8 per cent.
Steve Webb Minister for Pensions said:
“With over 250,000 members already, it is clear that NEST is a success. Targeting low to moderate earners that the market has traditionally forgotten, NEST has innovated with its use of language and investment strategy and has ensured that everyone has access to quality pension provision. That is why I am not making any changes until 2017, when automatic enrolment is fully rolled-out. At this point I will lift the contribution limit so that NEST remains a force for good in the marketplace, driving up standards and best practice.”
CIPP Policy News Journal
16/04/2014, Page 456 of 519
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