Consultation outcome
Draft National Employment Savings Trust (Amendment) Order 2018
Read the full outcome
Detail of outcome
We published the government response to this consultation on 29 January 2018.
Original consultation
Consultation description
皇冠体育app proposed changes will:
- allow participating employers to contractually enrol their employees in the National Employment Savings Trust (NEST) pension scheme
- clarify that individuals may join NEST in the event of a 鈥榖ulk transfer with consent鈥� and require that any amount must be applied to a member鈥檚 account as a result of a bulk transfer
- give NEST Corporation the ability to close members鈥� pension accounts that have zero funds if certain conditions are met
- require NEST Corporation to carry out research with scheme members and participating employers and their representatives, in connection with the operation, development or amendment of the scheme
We would particularly welcome responses from:
- employers and representative organisations
- legal advisers
- pensions industry bodies and professionals
- trustees and scheme managers
- other interested stakeholder groups