The National Employment Savings Trust (NEST) has lost out on major corporate business because of the restrictions placed on it by the government, according to chief executive Tim Jones.
The government announced a call for evidence earlier this week on removing the £4,400 annual contribution cap and transfer restrictions into NEST. But Jones (pictured) told IFAonline's sister tite Professional Pensions the low-cost provider has "undoubtedly" lost out on major business already, which has driven down volume projections. He said: "It's already limited our ability to work with employers at the top. A number of employers have chosen not to look in detail at NEST at all because of the restrictions and they've told us that. "That's one of the main reasons why our volume p...
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