PARLIAMENTARY WRITTEN QUESTION
National Employment Savings Trust Scheme (2 June 2015)

To ask the Secretary of State for Work and Pensions, for what reasons the National Employment Savings Trust is exempt from the requirements for improved governance of workplace pensions schemes set out in his Department's publication, Better workplace pensions: Putting savers' interests first, Cm 9000.

Asked by:
Mark Garnier (Conservative)

The National Employment Savings Trust (NEST) is subject to most of the requirements set out in Better workplace pensions: Putting savers' interests first, Cm 9000. There are a small number of areas where NEST already has particular (usually stronger) governance requirements set out in the Pensions Act 2008. The rationale for exempting NEST from certain provisions in the Occupational Pension Scheme (Charges and Governance) Regulations 2015 was so as not to contradict these primary legislation requirements.

Answered by:
Justin Tomlinson (Conservative)
9 June 2015