NEST rivals slam TPR's 'free advertising'

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Low-cost providers have demanded The Pensions Regulator rephrase references to the National Employment Savings Trust in its letters to employers.

TPR is embarking on a round of communications with employers in the run-up to auto-enrolment. The series of two letters will arrive 18 months before the employer’s staging date, followed by a 12-month letter. A paragraph in 12-month letter reads: “If you need to set up a new pension scheme, a number of pension providers are offering schemes suitable for automatic enrolment including the National Employment Savings Trust. “NEST has been established by the government to ensure that employers including those that employ low to medium earners can comply with their automatic enrolment duti...

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