Between now and 2018, every employer in the UK will have to offer their staff a workplace pension scheme. They’ll have to set up a pension scheme that meets certain minimum standards, automatically enrol some or all of their workers and pay contributions on their behalf. NEST was set up by the Government to make sure that every employer will have access to a scheme that meets the requirements of the new pension rules, whatever the size of their business. This means that when you need to set up a workplace pension, you’ll know that NEST is here and ready to help.
[pullquote]Over 20,000 employers of all sizes and from all sectors are already using NEST to meet their new duties[/pullquote]At NEST, we’ve worked hard to make setting up a workplace pension quick and straightforward. We’re run as a trust with a legal duty to do the best for our members, and this includes making things easier for employers. NEST’s online processes make it as simple as possible to manage all the day-to-day tasks involved with pensions. We’ve designed tools to simplify technical tasks, including pre-set enrolment types and electronic member opt-outs. NEST is free for you to use and has low charges for members. You pay nothing to start using NEST and there are no charges for ongoing administration. It’s a great choice for your workers, too. The way we look after their money is designed to provide more certainty over what they’ll get in the end. Our NEST Retirement Date Funds use a sophisticated approach of the sort generally only available in expensive corporate schemes that’s tailored for the year each member is planning to retire. And our simple, good value charging scheme is the same for everyone. Over 20,000 employers of all sizes and from all sectors are already using NEST to meet their new duties. Having worked with so many employers, we’ve learned a lot about the sorts of things they need to be on the lookout for when getting ready.