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www.nestpensions.org.uk The National Employment Savings Trust ( NEST ) is a defined contribution workplace pension scheme in the United Kingdom. It was set up to facilitate automatic enrolment as part of the government's workplace pension reforms under the Pensions Act 2008 .
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Automatic enrolment into a workplace pension Oversight of arms-length bodies, including the Pensions Regulator, Pension Protection Fund, Financial Assistance Scheme and Pensions Ombudsman Financial guidance, budgeting, saving and debt, including the Money and Pensions Service and Financial Inclusion Policy Forum
The pension scheme involves a portion of one's earnings being put into a fund by both the employer and the employee, in order to save money for their retirement. [3] Employers are initially only required to contribute 1% towards the employee's pension fund; this will increase to 2% on April 6, 2018, and then to 3% on April 6, 2019. [4]
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