Employers' interest in NEST plummets

clock

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...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Pensions

Why documentation is king in the world of SSAS

Why documentation is king in the world of SSAS

'SSAS documentation - it isn't just best practice or a fiduciary requirement'

Caitlin Southall
clock 04 July 2025 • 4 min read
Steve Webb: Sceptical advisers should not give up on pensions dashboard

Steve Webb: Sceptical advisers should not give up on pensions dashboard

‘A big mistake to underestimate the impact it will have’

Jenna Brown
clock 03 July 2025 • 3 min read
What role can advisers play in closing the gender pension gap?

What role can advisers play in closing the gender pension gap?

Advisers are uniquely placed to influence the gender pension gap

Olivia Perry
clock 02 July 2025 • 7 min read