Employers' interest in NEST plummets


Just one in 20 employers intends to use the National Employment Savings Trust (NEST) for auto-enrolment, according to Punter Southall research.

A survey of more than 150 employers found 5% of respondents intend to use NEST, down from 13% last year. Only 6% intend to use a new pension scheme, with most employers planning to amend their existing pension scheme to meet the new requirements. Punter Southall principal Alan Morahan, pictured, said the lack of interest in newly-launched schemes would be a "concern for new providers". NOW Pensions, B&CE, Dean Wetton Advisory other master trust arrangements have entered the market to compete for auto-enrolment clients. However the survey found only 2% of employers were consideri...

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