THE Government should loosen rules for the National Employment Savings Trust that forms the centrepiece (Nest) of its plans for pension auto-enrolment, according to the work and pensions committee chaired by Aberdeen South MP Dame Anne Begg.
Dame Anne said the Government should lift the cap on contributions and allow transfers in and out, so employers do not opt for rival but potentially more expensive private schemes with fewer restrictions.
The introduction of auto-enrolment, which means employees have to actively opt out of contributing to a pension, began in October.
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