NEST will not increase protection sales and Universal Credit will fail - Reform

The body also warned that the coalition's flagship Universal Credit welfare benefit reform will fail despite its significant support within the both parties in government. Speaking at the Actuarial Health and Care Conference, Dr Patrick Nolan chief economist of Reform, explained that unlike other similar projects around the world, NEST does not involve the private sector as a default operator. "The government hopes that auto enrollment into pension schemes will help with a workplace savings culture," he said. "That is absolutely the right thing to be doing but I worry about the imp...