NEST

NEST is set to tackle member anger at pension pot falls by attributing losses on benefits statements in the context of employer rather than employee contributions.

The National Employment Savings Trust Corporation spent £31m during 2010/11 - including paying £5m in interest payments on a Department for Work and Pensions loan, the balance of which has hit £120m.

The Department for Work and Pensions has launched a consultation on the way in which employers can certify the pension scheme they plan to enrol their employees into.

The financial crisis significantly affected the saving behaviour of the National Employment Savings Trust's target market, with 46% making a change and 14% stopping contributions all together, according to research.

The low charges set by the National Employment Savings Trust will set a benchmark with which pension providers will have to compete, Legal & General says.

The Department for Work and Pensions has published a guide to pensions terminology in an attempt to strip away "unintelligible language and confusing jargon".

BlackRock has hired the National Employment Savings Trust's Paul Gilbody as head of DC consultant relations in an effort to increase its footprint in the UK DC market.

UK - Large-scale, collective private sector schemes should be set up in competition to NEST - allowing companies to offer DC without running their own scheme, the incoming chairman of the National Association of Pension Funds says.

The Work and Pensions Committee has launched an inquiry into auto-enrolment and the National Employment Savings Trust.

Jonathan Stapleton talks to the NAPF chairman-elect