Consultation outcome

Draft National Employment Savings Trust (Amendment) Order 2018

From:
Department for Work and Pensions
Published
7 November 2017
Last updated
29 January 2018 — See all updates
This consultation has concluded

Download the full outcome

Government response to the consultation on the draft National Employment Savings Trust (Amendment) Order 2018

PDF, 127 KB, 5 pages

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Detail of outcome

We published the government response to this consultation on 29 January 2018.

Original consultation

Summary

This consultation seeks views on proposals to improve the National Employment Savings Trust (NEST) pension scheme for the benefit of employers and members.

This consultation ran from
to

Consultation description

The 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 ‘bulk transfer with consent’ and require that any amount must be applied to a member’s account as a result of a bulk transfer
  • give NEST Corporation the ability to close members’ 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

Documents

Consultation: Draft National Employment Savings Trust (Amendment) Order 2018

PDF, 229 KB, 11 pages

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Request an accessible format.
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Published 7 November 2017
Last updated 29 January 2018 + show all updates

  1. Published the government response to this consultation.

  2. First published.