Uncategorized » Post-staging landscape

Post-staging landscape

As the number of enrolled workers breaks the 10m threshold, NEST’s Director of Employer and Intermediary Experience Helen Dowsey reveals some of the strengths of the scheme.

Since the first employers adopted the NEST scheme in 2012, around 7m workers have been enrolled. The success has been due to very low levels of opt-outs, says Helen Dowsey, NEST’s Director of Employer and Intermediary Experience.

She expects there to be high retention levels for phasing, the periods when employers start to contribute 2 percent out of a minimum contribution of 5% in the year to 5 April 2019 and the second in which they contribute 3 per cent out of a minimum 8% the following year.

One of the most important facets of the NEST scheme, and one that will chime with finance leaders, is that it is delivered with a high-quality approach characterised by the scheme having strong governance measures in place.

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