Pensions - Articles - CBI comments on NEST announcement


 The CBI today commented on the Department of Work and Pension's announcement that it will lift the annual contribution limit and transfer restrictions on the National Employment Savings Trust (NEST) by 2017.

 Neil Carberry, CBI Director for Employment and Skills, said:

 "The Government has sensibly decided to give businesses and providers clarity about the removal of the NEST restrictions.

 "By sticking to the original timeline the Government will ensure that NEST will be able to deliver its public duty effectively without distorting the market.

 "This means NEST won't stand in the way of innovation and a competitive auto-enrolment market, and businesses, providers and pension savers will have certainty about what will happen when."

Back to Index


Similar News to this Story

BPA premiums set to fall but number of transactions rise
Market trends, macro-economic volatility and digestion of recent policymaking drive ‘wait and see’ approach for larger schemes. Capacity in the market
Pension industry poised to shift focus from cost to value
Collaborative industry debate with Minister for Pensions, FCA, TPR, DWP and workplace pension providers to inform the forthcoming Value for Money cons
State Pension Age Review assumes triple lock remains
But could be ‘false comfort’ for younger generations. Continuing triple lock could come at the expense of further and faster increases to State Pensio

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.