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Order and rules

NEST’s order is the legal document that establishes the scheme and appoints NEST Corporation as the Trustee. This can only be amended by Parliament.

The NEST rules document sets out how the scheme is designed and operates. This can be amended by NEST Corporation.

Together the NEST order and rules make up the governing documentation of the scheme.

NEST’s order and rules took effect on 5 July 2010.

The documents were last amended on 6 April 2018. The updates made were to:

  • allow for contractual enrolment/enrolment with consent into NEST
  • allow for bulk transfers with consent as a joining event
  • give the Trustee a discretion to cease the participation of dormant employers, with notice
  • streamline the death benefits rule, including withdrawing the dependents’ annuity option for deaths on or after age 75
  • give the Trustee a duty to carry out research it considers expedient
  • give the Trustee a discretion to close the pots of members who have had zero in their pot for at least a year, with notice.

Download NEST’s full order and rules (PDF)‚Äč.

Help with the small print

Our straightforward guide summarises the key points in NEST’s order and rules. It can help you understand why NEST has certain features and obligations.

How NEST is run

As a public body we have no owners or shareholders. This means we’re free to run the scheme in the interests of our members.