We at Pension PlayPen have been banging on about how 14m Nest savers deserve more than they are getting now.

Paul  recently made an announcement of Nest’s plans. It was at an Institute of Fiscal Studies event and mention was made of a core pension and indexation paid as Nest could afford (conditional). You can read about it here.

Back on  April 2nd I wrote

I have to admit, there is a lot of good stuff in this video as there is in the IFS 53 pager but the Nest section and in particular the answers to questions by Paul Todd that suggests to me that they have moved beyond the requirement of individual savers to manage their “flex and fix” and towards the kind of collective solution Britain used to have prior to the abandonment of pensions and even compulsory annuities.

Recently Nest has gone on   a procurement exercise for an annuity to be used as part of the “pension” and this has sent people off down the “flow and fix” route where people end up buying an annuity later in life after flowing with drawdown until then.

Paul wants to set the record straight and this talk is important for anyone involved in the business or providing pensions from pots. That’s trustees, commercial providers, advisers and- heaven save me to live that long – potential pensioners!

We’ll get an update from Paul and a chance to work out what can be done by Nest , and what Nest has already decided to do. We can assume that Nest and the DWP are talking and we want to know what Nest’s view of the Pension Schemes Bill is.

Paul Todd currently serves as the Chief Operating Officer of Nest Invest, the investment subsidiary of Nest Corporation and joined the Nest investment team in 2008. Prior to NEST he worked for the UK government in London and the European Commission in Brussels where he was seconded for four years as a national expert on pensions.

We hope you can join!