NEST – Still no clear view of the road ahead
Pension providers are already deep in planning for the changes that will be wrought by the arrival of personal accounts, (now rebranded NEST – the National Employment Savings Trust), in 2012.
The arrival of NEST amounts to a complete revolution in pension planning for ordinary people who currently make no pension provision. This is causing a lot of midnight oil to be burned as pension providers try to predict the likely landscape post-2012 and to position themselves for it.
However, these plans may all be for naught as there are straws in the wind that current government plans may be in trouble.