Insurers warn NEST could lose focus without restrictions

The Department for Work and Pensions' call for evidence on removing the annual contribution limit of £4,400 and transfer ban closed on Monday. In response providers argued NEST could lose focus on its target market of low-earners and small companies if it is released from the constraints. Legal & General pensions strategy director Adrian Boulding (pictured) said NEST could struggle to cope with the 30,000 firms employing 62-250 workers which reach their staging dates in April-July 2014. Standard Life head of workplace strategy Jamie Jenkins argued NEST should first prove it has met...