NEST will fail millions - Altmann

While other industry figures have welcomed the rebrand, Altmann is calling for an immediate halt to the workplace pension plan, saying it could spell disaster for millions of unsuspecting individuals. She says NESTs are only continuing because they offer short term benefits to powerful vested interest groups with no regard for workers. "Politicians will claim credit for getting more people to save in a pension. Employers will cut costs by cutting pension contributions back to 3% minimum. The Treasury will save money on future means-tested benefits and financial companies will earn fee...