PP Show 2010 - NEST charges 'an outstanding deal'

NEST chief executive Tim Jones said the charging structure is 'not unfair' and offers an 'outstanding deal' beyond the start-up loan. He said once members have paid the initial 2% charge, this drops to 30 basis points thereafter. Beyond the repayments of the loan, NEST trustees will decide whether to stick with this charging structure. He said as the charge guarantees a certain cash flow, the repayment of the loan is quicker, so members will be paying less this way than if there was a straight 50bps annual management charge. CBI head of pensions and employment Neil Carberry reitera...