ABI: Restrictions on NEST must not be bad for consumers
Tuesday, 6 November 2012
1:53 PM
ABI response to DWP consultation on removing NEST restrictions
Dr. Yvonne Braun, the ABI’s Head of Savings and Retirement said:
“Automatic enrolment presents an important opportunity to kick-start retirement savings for millions of people across the UK. So it’s important to be confident that the restrictions on NEST are not resulting in consumer detriment.
“NEST has an important role to play in providing pensions to certain areas of the market and many of our members are already successfully working in conjunction with NEST to provide comprehensive pension provision to UK companies and their employees.”
ENDS
Kelly Ostler-Coyle
Senior Media Relations Officer
Operations Directorate
Kelly.Ostler-coyle@abi.org.uk
T: 020 7216 7375
M: 07968 364 302 / BB: 07720 496872
Follow the ABI on Twitter @BritishInsurers
www.abi.org.uk
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