25 November 2010
Nest Corporation, the trustee body of the National Employment
Savings Trust (NEST) has announced the charging level for NEST.
Nest will charge 0.3 per cent annually on a member's funds, with
an upfront charge on contributions of 1.8 per cent. The charge on
contributions will cover the initial set-up costs of NEST.
Tim Jones, NEST Chief Executive said "Our announcement underpins
our low charge offer - we have a charge level which approaches
levels only found in the best of today's pension schemes. This is a
level that our target market would be unlikely to access without
NEST in the market."
