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National Employment Savings Trust (NEST) is one of the qualifying pension schemes that employers can use to meet their new duties. It was set up as part of the government's workplace pension reforms. Nest is a trust-based defined contribution pension scheme, run by a trustee (Nest Corporation) on a not-for-profit basis.
A second change is the creation of a National Employment Savings Trust, a public pension provider for those who do not have an occupational pensions, which will function as a low-fee pension scheme in competition with existing funds.
File:The Occupational Pension Schemes (Transfer Values) Regulations 1996 (UKSI 1996-1847).pdf
By pooling the scale of several employers, master trusts should be able to provide access to these savings. However, following the introduction of The Pensions Act 2008, and concerns that members might be overcharged the UK Government announced [3] a cap on the fees that could be levied on automatically enrolled members of pensions schemes.
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The Unified Pension Scheme (UPS), introduced by the Government of India in 2024 as an optional pension scheme along with the National Pension System (NPS) for the government employees, it aims to provide a comprehensive and centralised pension system for Central government employees. The scheme is designed to consolidate various existing ...
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