Summary
MOST of us are concerned about saving for retirement and some commonly asked questions are: Will we have enough money when the time comes? Will we even be able to stop work at all? And when, if ever we can retire, what level of help can we expect from the State? In 2012, enter 'NEST' - the National Employment Savings Trust'.
This is the government's answer to the future pensions crisis; a simple, low-cost pension scheme that will enforce a savings discipline amongst all those who are not currently putting something aside for their retirement. The new scheme will automatically enrol all employees (subject to certain criteria), who are not offered a pension plan through their work, unless they explicitly "opt-out". (Source of info: www.nestpensions.org.uk).See the full content of this document
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Invested Interest
By 2050, NEST may have at least four million members, making it potentially one of the largest pensi...
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