The National Employment Savings Trust (NEST) quadrupled its assets under management over the year to the end of March to £420m, according to its annual report.
It also revealed NEST had dipped further into its government loan, borrowing a further £88m to take its total to just over £387m. The report showed NEST's membership doubled to two million over the 12 months, while the number of employers using it went from 5,000 to 14,000. And 1,400 advisers signed up to NEST Connect, its online hub for professionals offering auto-enrolment services to employers. Further reading: Why auto-enrolment can add up for IFAs Outgoing chief executive Tim Jones, said: "That's good progress but there is much more to come. 45,000 employers are meeting thei...
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