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How Nest is run

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Nest Corporation, the Trustee that runs the Nest scheme, is a public corporation. 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.

The Trustee is comprised of up to 15 Board Members and the employees of Nest Corporation. The Board Members are collectively referred to as the Board of Nest Corporation, or simply the Board. They’re supported by an executive team and a range of specialists who aim to make sure Nest works in the way it should.

Board 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 Board 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.

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The people behind Nest

Nest’s Board Members were chosen because of their broad experience of pensions, industrial relations, investment and consumer rights.

Who runs Nest?

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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.

Nest’s order and rules

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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.

Investment principles

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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.

Policy and procedures

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Freedom of Information Act

The Freedom of Information Act 2000 gives any person of any age or nationality, anywhere in the world, the right to access certain official information held by public authorities in the UK.

Freedom of Information Act

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Gifts and hospitality

Nest publishes a register of any gifts and hospitality received or given by Board Members or our executive team each quarter.

Gifts and hospitality

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Procurement

Nest Corporation works to comply with public sector procurement rules and principles.

Procurement

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Complaints

We’re committed to dealing with any concerns you may have about Nest in a timely manner.

Complaints