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Nest authorised as a master trust scheme

Published: 10 September 2019

Nest has today been informed by The Pensions Regulator (TPR) it has been successful in its application for master trust authorisation.

This decision comes following a meeting of TPR’s Determinations Panel which reviewed Nest’s application, submitted March this year. 

Reflecting on the announcement Otto Thoresen, Nest’s Chair, said: 

“The master trust authorisation regime is key to ensuring high standards of governance and control across this part of the pensions landscape, so we’re glad to have achieved this milestone.

“With many workers saving for the first time through auto enrolment it’s right to build confidence among pension savers. We’ll continue to work hard at achieving good outcomes for our eight million members.”

This authorisation process confirms pension schemes meet standards of governance and administration outlined by TPR across: 

  • Governance 
  • Operations  
  • Planning 
  • Funding  
  • Future sustainability. 

 For more information on the master trust authorisation scheme visit TPR’s website.