National Employment Savings Trust (NEST) /personal account – Pensionfinder
The National Employment Savings Trust (NEST) is a new low-cost pension scheme backed by the Government, which is meant to be introduced in 2017. The NEST used to be known as the Personal Account. NEST is part of the Government’s plans to improved occupational pensions. The other main component of the reforms is auto-enrolment, which requires employers to automatically enrol their employees into a pension scheme. NEST has been developed to offer low to middle earners a low cost saving mechanism for their pension.