NEST seen as 'irrelevant'-research

The report, from the Pensions Management Institute (PMI) and Standard Life, also says there is a "substantial gap" between eligibility to join workforce pension schemes and actual take-up. Employers generally think employees should take responsibility for educating themselves about financial matters such as pension schemes, the report says. "There is still a huge communications exercise required before people grasp the complexities and choices of DC pensions," says PMI chief executive, Vince Linnane. "It is particularly noteworthy that 81% of those surveyed felt it was important or...