Consultation outcome

NEST: evolving for the future

From:: Department for Work and Pensions and National Employment Savings Trust (NEST) Corporation
Published: 7 July 2016
Last updated: 2 March 2017 — See all updates

Read the full outcome

Government response to NEST: evolving for the future

PDF, 262 KB, 26 pages

This file may not be suitable for users of assistive technology.

Request an accessible format.

If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email accessible.formats@dwp.gov.uk. Please tell us what format you need. It will help us if you say what assistive technology you use.

Detail of outcome

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.

Original consultation

Consultation description

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

Documents