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We published the government response to this consultation on 2 March 2017. It summarises the responses and explains the conclusions the government has reached on how it might adapt the National Employment Savings Trust’s framework.
We’ve extended the closing date for responses to Wednesday 5 October 2016.
Since the establishment of the National Employment Savings Trust (NEST), the pensions landscape has changed. With the introduction of automatic enrolment, there has been a move towards mass-market defined contribution pensions, and the government has made changes to how people can access their pension savings.
Attitudes towards retirement are changing – rather than a sudden event, people are beginning to view retirement as a period of transition. This means that new options are needed to adapt and appeal to meet consumers’ needs.
This call for evidence seeks views on how NEST might evolve to respond to the changing pension landscape. This consultation is aimed at:
- pensions industry bodies and professionals
- trustees and scheme managers
- employers and representative organisations