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Past consultations

In this section you will find details of NEST’s completed consultations.

The legal structure of NEST

The Pensions Act 2008 required the pension scheme we now know as NEST to be established. NEST’s predecessor the Personal Accounts Delivery Authority (PADA) and the Department for Work and Pensions (DWP) issued a joint consultation paper called the draft scheme order and rules. This was to help determine how the scheme would work.

A summary of responses to the joint public consultation was published in October 2009. View the Summary of responses on the scheme order and rules (PDF, 130KB)

Investment

In May 2009 PADA published a discussion paper to support the public consultation process on designing an investment approach for NEST.

View the Investment consultation response (PDF, 2.14MB)

Securing a retirement income

A key challenge for the design of NEST is how members secure a retirement income. This consultation was initiated in December 2008.

View the Summary of responses on securing a retirement income (PDF, 425KB)

Choosing a charging structure

To pay for its set up and running costs, NEST will need to charge its scheme members. In March 2010 the Government announced that NEST’s proposed combination charge would be made up of an annual management charge (AMC) and a charge on contributions.

This briefing note explains how the proposed combination charge for NEST meets NEST Corporation’s low charge objective.

View the Summary of responses on choosing a charging structure (PDF, 880KB)