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The Challenges Ahead to Secure the Pensions of 11 Million Employees
Tim Jones, Chief Executive Officer of NEST, joins Helen Winsor of Finance IQ to discuss what needs to be done in the pensions and fiduciary management space to provide today’s employees with a financially stable future.
Finance IQ: First of all, we're now nearly six months into auto enrolment; what do you think are the public perceptions of it?
T Jones: I think for many people, of course, it's still very early. Automatic enrolment starts with the very largest employers in the country and works its way through, over five years, to the very smallest. What we have done is to research what people's attitudes are so far. We were delighted to find in our research – we published a document called NEST Insight at the end of January – that 63% of people agree with the idea of automatic enrolment despite finding the current economic climate difficult. We were very heartened by that. These are people that regularly check their wage slips, so it's not as if they're unaware that this is happening. But, what we find in our research with NEST members – because we've been live now for over 18 months, and so we're beginning to talk to some of the early members of NEST – is that they are very happy that they're finally, for some of them, doing something about pensions for the first time, and they're glad that this is happening.
Finance IQ: What do you think are the major pressures facing trustees in 2013?
To download this interview transcript in full please click here - http://www.fiduciarymanagementsummit.com/
Tim Jones’ colleague, Paul Todd, Head of Investment at NEST Corporation, will be speaking at the 2nd Annual Fiduciary Management Summit, 30 April 2013, London UK. For more details, please visit the website: www.fiduciarymanagementsummit.com, call freephone: 0207 368 9300 or email: firstname.lastname@example.org.