The Government's review of NEST is now underway as part of its overall spending reforms.
The timing of the review is critical and is set to conclude just before the second part of the contract with TATA consultancy is due to be finalised for somewhere in the region of the not trivial sum of £600m. Not surprisingly there is much talk of whether the industry could provide an alternative solution if the government decides NEST is not the way forward. Issues about interaction with means testing, concerns about the cost of administration for employers and the compliance burden falling on The Pensions Regulator all continue to be voiced but one question doesn't get raised very of...
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