Pensions - Articles - Tim Jones comments on WPSC report

 ‘NEST welcomes the recommendations of the Committee. It is fantastic to see NEST mentioned as a leader in providing simple, easy to understand, information for members. Our research told us that existing pension terms can be a barrier to understanding and we’ve worked hard to develop clear communication materials and tools for both members and employers.

 ‘NEST is delighted to now be serving hundreds of employers and over a hundred thousand members. We are working hard to get ready to welcome many more as automatic enrolment moves forward. We are absolutely committed to building NEST as a high quality, low charge, pension schemes focused on members’ needs. It is really important that members have confidence in the scheme they are enrolled in and are getting good value. The structure that we are building at NEST is seeking to bring excellent value for our members, underpinned by strong governance and featuring our multi-award winning investment strategy.’

 ‘We look forward to working with the industry to continue to develop NEST and play our part in serving a new generation of savers.’