26 March 2010
The DWP has now published The National Employment Savings Trust
(NEST) Order and the NEST Rules. These will take effect from 5 July
2010. The Order and Rules set out the framework for the
operation of NEST. The rules and accompanying notes can be viewed
by following the links below:
http://www.dwp.gov.uk/docs/note-to-rules-of-nest.pdf
http://www.dwp.gov.uk/docs/rules-of-nest.pdf
The DWP also confirmed the trustees who will oversee the
NEST scheme. Jeannie Drake, the current acting
chairman, has been appointed as deputy chairman of NEST
Corporation. The other members of the board are Tom Boardman,
Laurie Edmans, Dianne Hayter, Chris Hitchen, Julius Pursail, and
Sue Slipman.
Pensions minister Angela Eagle said: "These appointments show
the government is committed to recruiting people with proven track
records and the expertise to get the job done. Being a trustee of
NEST will be a challenging role. These people bring a wealth of
experience in running pension schemes, representing consumer and
worker interests, and operating in complex delivery
environments."
