Call for NEST to remove annual contribution limit and transfer ban

Speaking to IFAonline's sister title Professional Pensions after the publication of the Making Automatic Enrolment Work Review, co-author Yeandle said both of these issues needed to be addressed when thinking about the long term future of pensions. At present members can contribute up to £3,600 a year and transfers in and out of NEST are not permitted. He said: "It seems an odd message to be sending - save for your retirement but not more than a certain amount." Yeandle added while pensions minister Steve Webb had not committed entirely to remove the constraints, the 2017 review wa...