NEST (National Employment Savings Trust)

NEST (National Employment Savings Trust) is a pension scheme in the UK designed to help people save for retirement. Established in 2010, it provides accessible, low-cost retirement savings options, particularly for those who may not have a workplace pension. Employers can enroll their workers automatically, helping them save through regular contributions deducted from their pay. NEST aims to encourage saving for the future, ensuring that more individuals can build a nest egg for retirement, enhancing financial security in later life. It is managed by a trust, prioritizing members' interests.