Who runs NEST?

What is NEST Corporation?

NEST Corporation is the trustee body that runs NEST. It's a non-departmental public body (NDPB) that operates at arm's length from government and is accountable to Parliament through the Department for Work and Pensions (DWP).

NDPBs are public organisations but they're not part of the Government and the day-to-day decisions they make are generally independent. However, government Ministers are ultimately responsible to Parliament for the effectiveness of decisions made by NDPBs.

How is NEST run?

NEST is run by NEST Corporation. NEST Corporation has a Chair and up to 14 Trustee Members who have a number of legal duties – one of which is a duty to act in the interests of scheme members.

NEST's Trustee Members set the strategic direction and objectives for NEST. Among other things this means they run NEST so it delivers value for money.

NEST's Trustee Members have been selected for their wide range of experience, skills and pensions industry knowledge.

How are NEST's Trustee Members selected?

The initial selection of NEST’s Trustee Members is made by the Secretary of State for Work and Pensions. This is in line with the practices of the Office of the Commissioner of Public Appointments, the body that scrutinises public appointments.

The choice of future NEST Trustee Members will be made by NEST Corporation. The Member Panel will participate in the recruitment and appointment of NEST’s Trustee Members.

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