More about the scheme
PADA is responsible for designing and introducing the infrastructure for NEST (National Employment Savings Trust), the new name for the personal accounts scheme. NEST will be handed over to and run by a new trustee corporation called NEST Corporation.
NEST is being created to provide a low-cost, independent, workplace pension scheme that any employer can use. It aims to provide access to workplace pension saving to millions of people – typically those on low to middle incomes.
Employers will be able to choose to use NEST or another qualifying workplace pension.
Key facts
NEST will be a trust-based occupational pension scheme regulated by The Pensions Regulator...
More informationSpecial features
The scheme will be focused on low-to-moderate earners who don't currently participate in a workplace pension scheme...
More informationHow will NEST work
We envisage that NEST will be delivered largely through e-channels – which could include...
More information