These draft regulations remove annual contribution limits and transfer restrictions on National Employment Savings Trust (NEST) pensions.
This consultation seeks views on 2 draft statutory instruments about the National Employment Savings Trust (NEST). The proposed statutory instruments will remove the annual contribution limit and transfer restrictions on NEST from 1 April 2017.
NEST is a trust-based, occupational pension scheme established by the government to support automatic enrolment. It is designed to provide a quality, low-cost pension scheme targeted at low to moderate earners and smaller employers.
We particularly welcome views from legal advisers, pension industry professionals, trustees and scheme managers and from any other interested stakeholder group.