What is NEST?

You may have heard about NEST, the National Employment Savings Trust.
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NEST is a pension scheme that you can use to meet your employer duties and it's primarily aimed at low to medium earners and small employers that don't have access to a company pension scheme.

It's designed to be a simple, low cost option and there are certain restrictions that apply.

  • There is currently a general ban on transfers in or out.
  • There is currently an upper contribution limit.
  • There are limited investment options. Workers will be automatically invested in a default fund based on time to retirement. This will not take into account an individual's attitude to risk.
Last updated: 10 Nov 2014
The Royal London Mutual Insurance Society Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Registered in England and Wales number 99064. Registered office: 55 Gracechurch Street, London EC3V 0RL.