Pensions - Articles - NEST comment on WPSC

 "The restrictions have played out very much as the policy intended. They have focused NEST on creating a product for our target market of people earning up to £35,000 and you can see that in our product design, for example, in the way we use language and in our investment approach. In that sense they have been a good thing. The debate now is whether it's a benefit or a detriment to retain them. Our job is to provide evidence of their impacts on employers and members to Government, and then to allow Government to take that view.

 "There is some evidence to suggest that the restrictions are having detrimental effects and unintended consequences, for example by:

 -restricting employer choice and preventing members in our target market having access to NEST, and
 -increasing the complexity of how the product works in practice and therefore increasing costs to our members."