Understanding NEST

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Understanding NESTA workplace pension scheme for todayJanuary 2018About this documentThis document is a guide to NEST s workplace pension scheme for employers, employee benefit consultants, pensions advisers and other NEST provides detailed information on how NEST is run, how we interact with our customers and the product we NEST A workplace pension scheme for todayContents01 Introduction What is NEST? 4Why was NEST established? 4Who is NEST for? 4How employers can use NEST 4Key features 5Awards and recognition 7What employers need to do before joining NEST 8How else can NEST help? 802 GovernanceHow is NEST Corporation run? 9How are Trustee Members selected? 11Trustee meetings 11Committees 11Compliance, audit and risk management 15Order and rules 16Employers Panel and Members Panel 16Contracts 1703 Intermediary experience NEST Connect 20Web services for payroll integration 2204 Employer experience Using NEST online 24Getting started with NEST 25Using NEST 33Paying contributions 3405 Member experienceUsing NEST online 41Telling new members about NEST 43Opting out of NEST 44Contributions to the member s pot 4506 InvestmentH

Understanding NEST A workplace pension scheme for today 5 Key features For employers NEST is designed specifically for auto enrolment. We understand what employers need to do and provide a range

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