The latest from the ABI;
Nest has become a member of the Association of British Insurers (ABI), joining the voice of the UK’s leading insurance and long-term savings sector. Nest, the National Employment Savings Trust, is a workplace pension scheme with more than 12.6 million members which was established in 2008 to help support the introduction of automatic enrolment. It becomes the new Master Trust to join the ABI following changes to amend our membership criteria, enabling us to work together on areas of shared interest.
Yvonne Braun, ABI Director of Long-Terms Savings, said: “We’re thrilled to be joined by Nest as the latest member of the ABI. Nest has been crucial to making auto-enrolment in workplace pensions a reality. As the UK’s biggest Master Trust, the expertise and insight Nest will bring to our work to help people save for their best possible retirement will be invaluable, and we are greatly looking forward to working closely with them.”
Gavin Perera-Betts, Nest’s Chief Customer Officer, said: “Automatic enrolment revolutionised the UK’s pension landscape, bringing millions of people into pension saving, many for the first time. We want to ensure we build on this success, working with the ABI and the industry to support people saving for their retirement.
“We are looking forward to working with the ABI over the coming years and I am pleased to be joining the Long Term Savings Committee to work with colleagues across the industry, representing the best interest of Nest’s members”
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