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The Confederation for British Industry’s claim that NEST will be deserted by workers fleeing the 2% charge is “absolute rubbish”, Tom McPhail says.
Early entrants to NEST will be worse-off for over a decade unless the next government reforms the fees structure, the Confederation for British Industry (CBI) warns.
The National Employment Savings Trust's (NEST) 2% contribution charge will be levied for 20 years, the Pensions Minister says.
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It is clear that human beings are far from the ideal of homo economicus. Indeed, we make non-optimal choices all the time.
The Government's review of NEST is now underway as part of its overall spending reforms.
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