NEST Corporation reports 40% AE opt-out rate

The organisation brought the staging date for its own employees forward from 1 February 2014 to 1 October 2012. Of the employees auto-enrolled in a scheme since this date, four out of ten chose to opt out of workplace saving. Director of communications and engagement Graham Vidler said it was important to view the figures in light of the high rates of voluntary participation in its pension scheme. “NEST staff’s participation rate in the NEST pension scheme is currently 81% after auto-enrolment,” Vidler explained. “Some people have other arrangements or don’t think pension saving...