01 April 2014Back to news home
NEST today confirmed that the scheme now has over one million members
NEST today confirmed that the scheme now has over 1 million members, with a celebration photograph to highlight that all its members are ‘one in a million’.
Tim Jones, chief executive, NEST, said: ‘With over 3 million workers having been automatically enrolled, workplace pensions are becoming the norm and that’s fantastic news for savers. Having grown from a few hundred members to 1 million in under 2 years, NEST is proud to play our part in ensuring automatic enrolment is a success. Reaching this milestone is an important moment for us, but there’s a lot more to do to make sure the millions due to be enrolled get a helping hand to save for their future.’
Pensions Minister Steve Webb said: ‘Automatic enrolment is a stunning success and more than 3 million people are now saving in a pension for the first time or saving more, reversing decades of decline and creating a new generation of savers.
‘This is a landmark achievement and I would like to congratulate Tim Jones and his staff for enrolling their millionth member into workplace pension saving. NEST has a pivotal role in helping millions save for a more prosperous retirement.’
Nigel Sanders, Financial Director, Fluidata, whose members took part in the ‘One in a million’ photo, said: ‘Congratulations to NEST on reaching 1 million members. Fluidata are happy to support staff invest in their futures and with NEST we can. I believe it should be every company’s responsibility to help staff secure their futures. NEST and Fluidata together give employees an immediate return on their investment with a company 6 per cent contribution because staff should not just have to rely on the state pension in 30 or 40 years’ time – at whatever level that may be. By being a part of today’s NEST’s 1 million member celebration, we can demonstrate our commitment to our employees and their futures.’
Neil Bayne, Human Resources Director at Travelodge, whose members took part in the ‘One in a million’ photo said: ‘We have received a very positive response to auto enrolment from our employees since introducing the scheme in August 2013. It's a very simple process that provides great long-term benefits for our employees, and we are delighted to be one of the UK's first companies to have supported the initiative.’
Download our One in a million poster (PDF)