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Independent quality assurance

The Nest scheme has robust governance structures and controls in place, in line with guidance set out by The Pensions Regulator (TPR) and other relevant bodies.

Our Master Trust assurance report outlines the controls we have in place in relation to the Master Trust assurance framework. This was developed by TPR and the Institute of Chartered Accountants in England and Wales (ICAEW) in Technical Release AAF 02/07 A framework for assurance reports on third party operations. The report gives employers and members assurance as to how the Nest scheme meets these standards. It’s intended to help people identify a pension scheme with high quality governance and administration standards.

In producing this report, we’ve demonstrated to an independent assessor that we have the right controls in place to deliver quality services. Together with our Defaqto 5 Star Rating, this demonstrates that Nest is independently recognised as a quality scheme for the auto enrolment market.

What the report is for

You can find answers to key questions about our Master Trust assurance report in this short overview.

More Information

If you want more information about how the Nest scheme meets the requirements of this framework, download an extract of our independent Master Trust assurance report.

Other recognition

The assurance report is just one of the ways that Nest has been independently recognised as a high quality auto enrolment scheme. Others include:

Defaqto 5 Star Rating
We’ve been awarded a 5 Star Rating in the auto enrolment pension category from leading independent financial research company, Defaqto. This shows that employers choosing us for their workers can be assured that they’re getting a scheme with good governance, low charges and clear member communications. Find out more about Defaqto

Multi-award winning scheme
We've won multiple awards as a pension provider. Awards include: Target Date Fund Manager of the Year at the Professional Pensions Investment Awards 2018, Most Innovative Scheme Investment Approach at the Pensions Insight awards 2018, DC Investment Provider at the Pension and Investment Provider Awards (PIPA) 2018 and Country Award: United Kingdom at the IPE Awards 2018. Find out more about our investment approach

 

 

Last updated 07/19

Download the report

If you want more information about how the Nest scheme meets the requirements of this framework, download an extract of our independent Master Trust assurance report.