Nest reveals lower charging structure than anticipated

Nest will incorporate a contribution charge, which is lower than the 2% predicted. Employees paying into a Nest pension scheme will have to meet a contribution charge. The National Savings Trust (Nest) has unveiled a lower charging structure to its pension scheme than expected. The scheme will include a combination of a 0.3% annual management charge (AMC) and a 1.8% contribution charge, which is 0.2% lower than had been indicated by the Nest Corporation in March this year. This means that for every £100 saved by an employee, £1.80 will be deducted as part of the contribution charge.