NEST reaches 400,000 employers

NEST hit an amazing new milestone: We have now signed up over 400,000 employers into our scheme.

The news comes just 15 months after we announced we had passed the 100,000 mark which shows just how rapidly we are growing and we are proud to play our part in helping employers meet their duties and help their employees prepare for their retirement safely.

With the introduction of automatic enrolment in 2012, lots of employers who had never set up or run a pension scheme suddenly found themselves needing to take a step into the unknown. With that being the case it was imperative that NEST was easy to access and simple to use. When we conduct our surveys, a consistent theme which emerges is that NEST is an easy scheme to administer, so we are delighted that we have been able to deliver on those aims.

NEST has highlighted the need for technical innovation to safeguard the continued success of auto enrolment, particularly with helping high volumes of small businesses to set up. We work hard on the employer journey and have explored the use of technical innovation from payroll software through NEST Web Services and making the scheme available to intermediaries to help their clients via NEST Connect.

As we have worked with different types of employer it has become obvious that all organisations, regardless of size, want a pension provider they can trust. Integrity comes from good governance, a reliable service and from consistent investments which deliver value for money to its members. I have worked at NEST for just over four years and in that time the scheme has developed enormously and has delivered fantastic outcomes to an ever-expanding member base. I look forward to welcoming many new employers and members to the scheme and am excited to see where NEST will be in another four years’ time.

Paul Budgen

Director of business development