Uncategorized » Post-staging landscape

Since the first employers adopted the NEST scheme in 2012, around 7m workers have been enrolled. The success has been due to very low levels of opt-outs, says Helen Dowsey, NEST’s Director of Employer and Intermediary Experience.

She expects there to be high retention levels for phasing, the periods when employers start to contribute 2 percent out of a minimum contribution of 5% in the year to 5 April 2019 and the second in which they contribute 3 per cent out of a minimum 8% the following year.

One of the most important facets of the NEST scheme, and one that will chime with finance leaders, is that it is delivered with a high-quality approach characterised by the scheme having strong governance measures in place.