NEST

National Employment Savings Trust Corporation has admitted scaling back its take up projections, and said the auto-enrolment delay for small businesses will increase its loan repayments.

The restrictions on the National Employment Savings Trust may no longer be appropriate, two of its chief officers told MPs.

The National Employment Savings Trust is set to take a more prominent role in shareholder activism and sustainable and responsible investment lobbying.

MPs have questioned the role of the National Employment Savings Trust since other master trust pension schemes have entered the market.

The Danish challenger to NEST, NOW Pensions, has announced its first customer - a small data provider for independent retailers.

Large employers facing imminent auto-enrolment duties are still not ready for the new rules, with one-third not knowing their staging date, a YouGov poll finds.

Jonathan Stapleton calls for clear AE policy

NEST Corporation chief executive Tim Jones has admitted he does not like the restrictions placed on the National Employment Savings Trust by the government.

The vast majority of employers are still not completely up to speed with auto-enrolment requirements with less than 12 months until duties begin, a poll shows.

Low-cost providers set up for auto-enrolment may have to rethink their business model in light of the delay for small businesses.