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National Employment Savings Trust

Volume 556: debated on Tuesday 15 January 2013

Later today the Government will publish a response to the consultation document “National Employment Savings Trust (NEST): Proposals for amendments to the NEST Order”.

In addition, the Government intend to lay the National Employment Savings Trust (Amendment) Order 2013 before Parliament later today. Subject to the approval of both Houses, this is scheduled to come into effect from 1 April 2013.

The amending order will ensure that NEST’s statutory framework is updated to reflect current automatic enrolment requirements and to ensure that NEST continues to operate efficiently for the employers and members who use it.

I would like to thank the organisations who responded to the consultation. I will place a copy of the Government’s response in the Libraries of both Houses, which will also be available on the Department’s website: http://www.dwp.gov.uk/consultations/2012/