Webb confirms NEST limits will go in 2017

This follows the European Commission's (EC) decision to approve the lifting of the annual contribution cap of £4,500 and the ban on bulk transfers in or out of the master trust. It was feared that an unconstrained NEST would be challenged by the EC over rules that restrict state funding for companies operating in the public sector. Webb said: "I am pleased to announce the government intends to remove the annual contribution limit and transfer restrictions on NEST to ensure all businesses can be confident that this low cost and easy to use scheme is among the options they can choose to ...