nick venedi

Saturday, 14 April 2012

NEST restrictions could end

A recommendation in a DWP Select Committee report that restrictions on the operation of the National Employment Savings Trust (NEST) should be lifted has been welcomed by the TUC.
The report showed strong all-party support for lifting the restrictions on NEST, which were a concession to vested interest lobbying by the financial services sector. The TUC said that NEST had already shown that it will work in the interests of low and medium earners.
But it has not all been good news on NEST. Later in the month, the TUC warned that more than a million low-paid women could lose out from the new auto-enrolment threshold.
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