About Nest - national employment savings trust
Nest - National Employment Savings Trust: Securing Your Future
Nest is a workplace pension scheme that was set up by the UK government to help people save for their retirement. It is a not-for-profit organization that aims to provide an affordable and easy-to-use pension scheme for employers and employees alike. Nest has been designed to be simple, flexible, and transparent, making it an ideal choice for businesses of all sizes.
Nest was launched in 2012 as part of the government's auto-enrolment initiative, which requires employers to automatically enroll eligible workers into a workplace pension scheme. The aim of this initiative is to encourage more people to save for their retirement and reduce the burden on the state pension system.
One of the key benefits of Nest is that it's free for employers to use. This means that businesses can offer their employees a high-quality pension scheme without having to pay any fees or charges. Nest also offers a range of investment options, so employees can choose how they want their money invested.
Setting up Nest is easy too. Employers simply need to register with Nest online and provide some basic information about their business and employees. Once registered, they can start enrolling eligible workers into the scheme straight away.
Nest also provides support and guidance throughout the process, including help with choosing investment options and managing contributions. This makes it easier for employers who may not have much experience with pensions or investing.
For employees, Nest offers peace of mind knowing that they are saving towards their retirement in a secure way. They can log in online at any time to check on their savings or make changes if needed.
In addition, Nest has been designed with sustainability in mind. It invests in companies that are committed to reducing carbon emissions and promoting social responsibility. This means that members' money is being invested ethically while still providing good returns over time.
Overall, Nest is an excellent choice for businesses looking for an affordable and easy-to-use pension scheme for their employees. With its range of investment options, support and guidance, and commitment to sustainability, Nest is helping to secure the future of millions of workers across the UK.