Occupational Pensions

Work and Pensions written question – answered on 6th September 2013.

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Photo of Jim Sheridan Jim Sheridan Labour, Paisley and Renfrewshire North

To ask the Secretary of State for Work and Pensions what estimate he has made of the amount of resources devoted to publicising (a) NEST as an automatic enrolment option and (b) other alternatives to NEST as automatic enrolment options in the last year.

Photo of Steve Webb Steve Webb The Minister of State, Department for Work and Pensions

It is the Government's strategy to promote automatic enrolment awareness rather than any particular scheme.

The Pensions Regulator (TPR) provides support for employers via their website to help them comply with their new duties; as part of this TPR has issued comprehensive guidance to assist employers in selecting an appropriate pension scheme for their workers. It is designed to demonstrate to employers what a good scheme looks like and sets out the key factors an employer should consider when choosing a scheme.

As part of their duty for supporting automatic enrolment the Regulator has a responsibility to remind employers that NEST is one qualifying scheme they can choose to use and that NEST has public service objective to accept any employer who wishes to use it.

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