Webb says NEST limits will go in 2017 after EC approval

clock •

Pensions minister Steve Webb has confirmed that restrictions on the National Employment Savings Trust (NEST) will be abolished in April 2017.

This follows the European Commission's (EC) decision to approve the lifting of the annual contribution cap of £4,500 and the ban on bulk transfers in or out of the master trust. It was feared th...

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

Superfunds rising in popularity for endgame among DB trustees

Superfunds rising in popularity for endgame among DB trustees

TPT finds consolidating into a superfund ranks above buyout, run-on and CBJPs

Holly Roach
clock 09 October 2026 • 2 min read
Professional Pensions: Stories of the week

Professional Pensions: Stories of the week

Sponsor swap deals, Capita statement on NAO CSPS review and Broadstone DB redress tracker

Professional Pensions
clock 09 October 2026 • 1 min read
News Digest: Record 82,000 NHS staff opt out of gold-plated pensions

News Digest: Record 82,000 NHS staff opt out of gold-plated pensions

PP brings together all the latest news on pensions from across the national and financial media

Professional Pensions
clock 09 October 2026 • 1 min read
Trustpilot