NEST

Government should lift restrictions on the National Employment and Savings Trust's annual contributions and transfer terms "as a matter of urgency", the Work and Pensions Committee has said.

The National Employment Savings Trust has backed calls to remove legal restrictions blocking it from taking transfers in and limiting contributions.

National Employment and Savings Trust Corporation has revealed it saw a 40% opt-out rate following its auto-enrolment staging date.

The National Employment Savings Trust has announced 11 more large employers are using it for auto-enrolment.

Insurers have warned against "distracting" the National Employment Savings Trust from its original purpose by lifting government-imposed restrictions.

A group of consumer organisations, employers and trades unions have demanded that the government lifts the restrictions on the National Employment Savings Trust.

The National Employment Savings Trust has cut its allocation to conventional gilts across all 47 of its retirement date funds.

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