Could NEST become a force to be reckoned with?

Jonathan Stapleton looks at NEST’s costs and assets under management so far

Jonathan Stapleton
clock

The millionth UK employee has been auto-enrolled into a workplace pension scheme. The figure was hailed by pensions minister Steve Webb as a "real landmark in this quiet revolution". But is everyone celebrating this landmark?

Last week, NEST Corporation unveiled its annual report and accounts, revealing it had been the victim of a fraud involving the diversion of payments to a supplier, which resulted in a loss of £1.4m...

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

Professional Pensions: Stories of the week

Professional Pensions: Stories of the week

Gallagher acquires First Actuarial, PPF Purple Book, TPT appoints external advisers for DB superfund

Professional Pensions
clock 05 December 2025 • 1 min read
Salary sacrifice change to 'hit' more than three million workers

Salary sacrifice change to 'hit' more than three million workers

Government releases impact assessment

Jen Frost
clock 05 December 2025 • 2 min read
News Digest: Civil Service Pension Scheme transfer - Capita says it has fixed 'teething problems'

News Digest: Civil Service Pension Scheme transfer - Capita says it has fixed 'teething problems'

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

Professional Pensions
clock 05 December 2025 • 1 min read
Trustpilot