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Consultations run
by Nest

We regularly seek the views of interested parties and experts on particular subjects. One of the ways we gather views on various topics is through consultation. What we learn from these consultations can be and has been used for a range of different purposes including:

  • helping make decisions on creating Nest
  • advising government on designing Nest
  • making changes to the scheme processes or technical information

We also respond to consultations set up by others to share our research and experience where we think it would be helpful.

Consultations run by Nest

In the 2014 Budget, the Chancellor of the Exchequer announced changes to the ways that savers in pension schemes could use their retirement pots. The 2014 Pensions Bill also sets out additional options for occupational pensions to share risks. These changes provide a different regulatory framework for defined contribution (DC) pension schemes.

We believe that the best way for us to develop our approach in light of significant regulatory change is through primary research, reviewing research conducted by other organisations and by seeking the expert views of colleagues in the industry.

In November 2014 we published the consultation report, The future of retirement (PDF) in order to develop:

• a thorough understanding of the needs and aspirations of Nest’s current and future membership

• better ways of engaging with members about their retirement options

• a better understanding of available approaches to investment and accessing savings in the current market

• an idea of how the market is likely to develop and innovate in response to consumer demand

The Pensions Act 2008 required the pension scheme we now know as Nest to be established. Nest’s predecessor the Personal Accounts Delivery Authority (PADA) and the Department for Work and Pensions (DWP) issued a joint consultation paper called the draft scheme order and rules. This was to help determine how the scheme would work.

View the summary of responses to the scheme order and rules (PDF)

Read an overview of the consultation on The legal structure of Nest (PDF)

A key challenge for the design of Nest is how members secure a retirement income. This consultation was initiated in December 2008.

View the summary of responses to Securing a retirement income (PDF)

Read an overview of the Securing a retirement income consultation (PDF)

To pay for its set-up and running costs, Nest needs to charge its scheme members. The government proposed a combination charge that would be made up of an annual management charge (AMC) and a charge on contributions.

View the summary of responses to Choosing a charging structure (PDF)

Read an overview of the Choosing a charging structure consultation (PDF)

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Policy papers and consultations

We regularly conduct research and seek insights from outside of Nest to help us understand the needs of our members and employers.

Policy papers and consultations

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Nest Insight

Nest Insight is a collaborative research unit set up by Nest Corporation to understand and address the challenges facing Nest members and other defined contribution savers.

Nest Insight

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Our responses to public consultations

Responding to consultations set up by others is one way we can share our research and experience, for the benefit of all pension savers and employers setting up workplace pensions.

Our responses to public consultations