Committees

Automatic enrolment in workplace pensions and National Employment Savings Trust

Inquiry

The Work and Pensions Committee inquire into automatic enrolment in workplace pensions and the National Employment Savings Trust (NEST).

Under the Pensions Act 2008, plans were put in place to reform workplace pensions. The changes will be introduced from October 2012 and will mean that every employer will be required to automatically enrol their workers into a qualifying pension scheme if they are not already enrolled in one (“auto-enrolment”), and to contribute to their pension. This will include all workers who: are at least 22; have not yet reached state pension age; and earn more than the minimum earnings threshold (likely to be £7,475 a year).
A new pension scheme called the National Employment Savings Trust (NEST) has been established by the Government to provide a simple, low-cost pension scheme. NEST is open to all employers. Employers will also be able to use an existing pension scheme (if it qualifies or its criteria are amended to meet the qualifying criteria); or set up a new scheme; or use a combination of these options. Employers will be required to register with The Pensions Regulator, which will oversee the implementation of auto-enrolment.

Terms of Reference

Reports, special reports and government responses

View all reports and responses
8th Report - Automatic enrolment in workplace pensions and the National Employment Savings Trust - Volume I (Volume I: Report, together with formal minutes, oral and written evidence)
Inquiry Automatic enrolment in workplace pensions and National Employment Savings Trust
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HC 1494
Report
8th Report - Automatic enrolment in workplace pensions and the National Employment Savings Trust - Volume II (Volume II: additional written evidence)
Inquiry Automatic enrolment in workplace pensions and National Employment Savings Trust
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Oral evidence transcripts

No oral evidence transcripts published.

Written evidence

No written evidence published.

Other publications

No other publications published.

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  • Email: workpencom@parliament.uk
  • Phone: 020 7219 8976 | 020 7219 1679 (Media)
  • Address: Work and Pensions Committee | House of Commons | London | SW1A 0AA