DWP refrains from 'unleashing monster' NEST into drawdown market

James Phillips
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DWP refrains from 'unleashing monster' NEST into drawdown market

The National Employment Savings Trust (NEST) will not expand its decumulation offering to enter the drawdown market, the Department for Work and Pensions (DWP) has confirmed.

The government has stepped backed from allowing NEST to provide additional and more flexible hybrid decumulation products and entering the decumulation market. The conclusion came after the DWP ...

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