CBI attacks NEST for high initial charges; Treasury loans driving fees

clock

Charges levied by the National Employment Savings Trust are too high and need to be reduced to fulfil its low cost obligations, the Confederation of British Industry says.

Current plans to set a 0.43% annual charge - comprising an annual management charge and contribution charge - are being driven by the need to pay back a £700m Treasury loan, the CBI warned. It a...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

First Actuarial reports 17% rise in revenue

First Actuarial reports 17% rise in revenue

Consultancy posts third successive year of double-digit growth with £45m of revenue

Jonathan Stapleton
clock 07 October 2025 • 2 min read
The UK's biggest pension consulting firms by revenue

The UK's biggest pension consulting firms by revenue

PP has analysed the accounts of the biggest pension consulting firms

Jonathan Stapleton
clock 07 October 2025 • 1 min read
Overcoming Pensions Commission challenges 'not an easy path to tread'

Overcoming Pensions Commission challenges 'not an easy path to tread'

Body must overcome several challenges to replicate Turner Commission success

Holly Roach
clock 06 October 2025 • 2 min read
Trustpilot