The UK public is still in the dark over the National Employment Savings Trust just a year before it is due to launch, a poll has found.
Just one in 20 people polled by IFAOnline's sister title Professional Pensions on the streets of central London today had heard of NEST and knew what it was for. This is despite an HSBC survey released this week suggested 52% were aware of the scheme. A number of respondents mistakenly thought the scheme was related to National Savings and Investments (NS&I), after it recently launched an inflation-linked bond to protect savers. Malcolm Bryant, from Richmond, North Yorkshire said: "I've never heard of it. Because it's got national savings in the title, I'd assume it was a spin off ...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes