NEST

NEST's reliance on gilts to provide steady growth in its default fund will leave many of the most vulnerable savers with the lowest income exposed to inflation, No Monkey Business (NMB) warns.

The banning of commission from 2012 will lead to adverse cost impacts for three quarters of employers, Jelf Employee Benefits (JEB) warns.

The implementation of NEST and auto-enrolment in 2012 will drive new business for IFAs in the SME sector, according to Aviva CEO Toby Strauss.

Tata Consultancy Services will administer the NEST national savings scheme until at least 2020, it was confirmed today.

Better Business: RDR

The government's new national pension scheme has an unbalanced investment remit that will "disappoint" savers, advisers say.

State Street Corporation has been appointed as fund administrator for the National Employment Savings Trust (NEST) as the scheme's investment mandates are put out to tender.

As NEST looks to recruit fund managers for a range of mandates, the Financial Times' David Stevenson asks if they have got their asset allocation model right.

Upping the earnings threshold for auto-enrolment into occupational pension schemes will hit women and part-time, agency and temporary staff, shadow pensions minister Rachel Reeves says.

The government has missed an opportunity to create a more flexible savings vehicle in NEST, according to director-general of Saga Ros Altmann.