NEST Corporation, the Trustee that runs the NEST scheme, is a non-departmental public body. It’s accountable to Parliament through the Department for Work and Pensions but is generally independent of government in its day-to-day decisions.
Being a public body means that we have no owners or shareholders. As a Trustee, we run the scheme in the interests of our members.
NEST Corporation is made up of a Chair and up to 14 Trustee Members. They’re supported by an executive team and a range of specialists who aim to make sure NEST works in the way it should.
Trustee Members are currently chosen by the Secretary of State for Work and Pensions in line with public appointments guidance that promotes selection on the basis of merit, fairness and openness. At some point in the future we’ll be able to appoint our own Trustee Members through a process that includes input from our Members’ Panel. The Secretary of State will decide when that will be.
This section explains more about the documents and policies that set out how NEST is run.
The people behind NEST
NEST’s Trustee Members were chosen because of their broad experience of pensions, industrial relations, investment and consumer rights.