Admin woes will distract from NEST investment strategy

Director professor David Blake says keeping track of contributions for migrant and casual workers will be a major challenge for NEST Corporation and it could face problems managing cash flows. He says: "Think of the problem of dealing with seasonal farm workers living in tents and moving every few weeks to another job. Think what would happen if there was a slight mistyping of their name or National Insurance number when this happened." He adds: "Tim Jones will be concerned to ensure that the money collected is properly allocated to each member's account. He will be far less concerned...