Industry divided on NEST charges

The government said it anticipated NEST would charge a 0.3% annual management charge over the longer term - but said their would also be an additional charge on contributions of about 2% to meet the costs of establishing the scheme. It said it was "comparable to low charges currently being paid by members of large occupational schemes". Buck Consultants head of technical services, Kevin LeGrand, says: "It is pretty much last chance saloon in terms of the credibility of the government's pensions policy to get auto-enrolment and NEST up and running and to get confidence back into saving...