Providers (and an adviser) weigh in on lifting of NEST restrictions

Laura Miller
clock

Providers - and adviser Almary Green - have given their verdicts on news today that the government plans to lift NEST's contribution cap and transfer restrictions in 2017.

Standard Life head of workplace strategy Jamie Jenkins said he welcomed the move. "I'm very supportive of lifting the restrictions, and the timing suggested, as it links in with the full introduction of auto enrolment. "It is also quite important timing in terms of the small pot regime as the next four to five years is a good time scale to deal with that. NEST is a hugely important part of the landscape and this seems like a very sensible way forward." Aegon, which has previously said restrictions placed on NEST are there to protect savers from poor retirement outcomes and scrappin...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Examining the 60/40: Building diversified portfolios in 2023

Examining the 60/40: Building diversified portfolios in 2023

Advisers have a lot to consider when it comes to portfolio diversification

Charlotte Moore
clock 14 April 2023 • 6 min read
Schroder Investment Solutions expands distribution of MPS

Schroder Investment Solutions expands distribution of MPS

Expanding the range of DFM choice on the Parmenion platform

Ayesha Venkataraman
clock 06 December 2022 • 2 min read
Larger DC pots hit by weak investment performance

Larger DC pots hit by weak investment performance

Aon’s DC tracker

Holly Roach
clock 01 July 2022 • 4 min read