National Employment Savings Trust (NEST)

The National Employment Savings Trust (NEST) is a UK government-backed pension scheme designed to help people save for retirement, especially those who might not have access to a workplace pension. It was created to ensure that more employees can build a pension pot throughout their working life. Employers automatically enroll eligible employees into NEST, making it easier for individuals to save. Contributions are invested, aiming to grow over time, and members can access their savings when they retire. NEST is intended to provide a simple, low-cost option for retirement savings, promoting financial security in retirement.