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How Nest is run

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.

How Nest operates

The way Nest is run is outlined in the documents that established it and provide for its administration. These are called Nest’s order and rules.

How we invest members’ money

A set of broad principles and policies govern how Nest makes investment decisions to manage members’ money effectively, appropriately and responsibly.

Our policy and procedures

We think it’s important to be clear about how we operate and what we do. We’ve set this out in documents like our corporate plans for the years ahead.

Last updated: 07/20