01513759848 enquiries@pavis.co.uk

NEST pensions

NEST (National Employment Savings Trust) is a pension scheme designed to help employers meet their auto-enrolment pension duties.

Employers do not have to use NEST to comply but they do have to automatically enrol eligible employees into a qualifying pension scheme. NEST pensions are run by a non-departmental public body that operates at arm's length from the Government and is accountable to Parliament through the Department for Work and Pensions (DWP).

In order to comply with the new pension reforms, employers will have to:

  • Provide a qualifying pension scheme
  • Automatically enrol eligible employees
  • Pay employer contributions
  • Tell all eligible employees that they have been automatically enrolled and that they have the right to opt out
  • Register with the Pensions Regulator and provide details of their pension scheme and the number of people they have enrolled.

NEST pensions are designed to accommodate these requirements.

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Pavis Financial Management Limited is authorised and regulated by the Financial Conduct Authority. Financial Services Register No: 153871 http://www.fca.org.uk/register.

Pavis Financial Management Limited Registered Address: 4 St. Pauls Square, Liverpool, L3 9SJ. Registered in England & Wales, No. 02625986.

Neither Pavis Financial Management Limited nor its representatives can be held responsible for the accuracy of the contents/information contained within the linked site(s) accessible from this page.

The Financial Conduct Authority does not regulate National Savings or some forms of mortgage, tax planning, taxation and trust advice, offshore investments or school fees planning.

The value of investments and income from them can fluctuate, and investors might not get back the full amount invested. Past performance is not a guide to future performance. Equity based investments do not afford the same capital security that is afforded with a deposit account.

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