Employers have been asked to put forward their views on proposals to improve the National Employment Savings Trust (NEST) pension scheme.
The consultation includes proposals to:
allow participating employers to contractually enrol their employees in the NEST pension scheme clarify that individuals may join NEST in the event of a ‘bulk transfer with consent’ and require that any amount must be applied to a member’s account as a result of a bulk transfer give NEST Corporation the ability to close members’ pension accounts that have zero funds if certain conditions are metrequire NEST Corporation to carry out research with scheme members and participating employers and their representatives, in connection with the operation, development or amendment of the scheme.Responses should be emailed to Nicola.lloyd@dwp.gsi.gov.uk. The consultation closes on 27 November 2017.
