Transcription of Understanding NEST
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Understanding NEST
Understanding NESTA workplace pension scheme for todayJanuary 2018 About 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? 4 Why was NEST established? 4 Who is NEST for? 4 How employers can use NEST 4 Key features 5 Awards and recognition 7 What employers need to do before joining NEST 8 How else can NEST help? 802 GovernanceHow is NEST Corporation run? 9 How are Trustee Members selected? 11 Trustee meetings 11 Committees 11 Compliance, audit and risk management 15 Order and rules 16 Employers Panel and Members Panel 16 Contracts 1703 Intermediary experience NEST Connect 20 Web services for payroll integration 2204 Employer experience Using NEST online 24 Getting started with NEST 25 Using NEST 33 Paying contributions 3405 Member experienceUsing NEST online 41 Telling new members about NEST 43 Opting out of NEST 4
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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