Atkin trustees, actuaries, consultants & administrators

NEST will be more popular than current predictions indicate

Atkin & Co, the pension scheme administrator and actuarial consultant, has today argued that the National Employment Savings Trust (NEST) could be a more popular choice than currently being predicted, particularly for smaller employers.

Chris Atkin, Director, commented: “Many smaller companies, unfortunately, are likely to leave it late to instigate arrangements for auto-enrolment and may not have the time, inclination or resources to carry out proper due diligence on all the different auto-enrolment options.  Without a proper process, such employers will be at risk if things go wrong and we may, therefore, see a flight to NEST as the safest option.

“Further to that, alternative schemes, which unlike NEST, will not benefit from the status as the default Government option will be in a very competitive environment. As such, given a lack of resources and possibly know-how, we may see small employers selecting NEST in order to avoid potential miss-selling scandals and legal battles. Anything from lack of advice over options, the incorrect set up of the scheme or an inadequate reorganisation of the existing scheme could create issues by which members are let down.”

Atkin continued: “As a result of all this, it is likely that NEST will become a much bigger player than is currently predicted as NEST may appear a much easier and safer option.”

Filter By Category

Clear Search

News & Events Archives

Atkin & Co is very professional and ably led. The staff are knowledgeable, competent, friendly and very customer focused. I have no hesitation in recommending that you consider the company seriously.

Tony, Administration and Actuarial client