The National Employment Savings Trust has finalised its opt-out process ahead of the introduction of auto-enrolment later this year.
The government-backed pension scheme will offer online, telephone and print means for opting-out, but expects the main route to be online. NEST member and market communications manager Matthew Blakstad said: "We are absolutely not trying to make opting-out hard. "We have always thought: if someone really wants to opt-out because of their own personal circumstances, who are we to say that is not the right thing to do?" Workers who decide to opt-out and click the appropriate button on the NEST website are first met by a message that says: "Not sure you can afford it? You can try it a...
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