NEST phrasebook launched to 'demystify' retirement saving

The document identifies words and phrases to be avoided, offers alternatives currently used by NEST, and suggests definitions that clarify their meaning. For example, in its own communications, NEST replaces ‘trivial commutation' with ‘taking your retirement pot in cash' and offers a further definition when it is first used. Speaking at the launch of the phrasebook, pensions minister Steve Webb described auto-enrolment as a social revolution. He said: "Up to 10 million people are going to have to think about pensions for the first time. It's a once in a generation opportunity to ge...