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Three more trustees joining Nest board

The Government has recruited three additional trustees for Nest as the scheme prepares to launch to a handful of voluntary employers this year.

Pensions minister Steve Webb has confirmed the appointments of former Deloitte partner Iraj Amiri, Consumer Focus non-executive director Sharon Darcy and TUC head of campaigns and communications Nigel Stanley.

The new trustees will hold the role for five years. Each trustee member will receive a salary of £20,100 for a time commitment of 30 days a year.

Webb says: “Iraj, Sharon and Nigel bring vast experience of representing the interests of consumers and financial management, which will be hugely beneficial to the trustee of the Nest scheme.”

Amiri, Darcy and Stanley join existing trustee chairman Lawrence Churchill and trustee members Tom Boardman, Laurie Edmans, Paul Hewitt, Chris Hitchen, Julius Pursaill and Sue Slipman on the board.

Nest chairman Lawrence Churchill says: “This is a critical and exciting time for Nest. These appointments will be a valuable addition to the corporation and the trustee in carrying out its oversight role and will complement the skills and expertise of our existing trustee members extremely well.”



Treasury balks at Dilnot plan to cap LTC cost

Andrew Dilnot’s proposal for a cap for long-term care costs is set to be backed by Labour as reports suggest the Treasury may look to sideline the reforms. The Dilnot Commission is expected to recommend an upper limit on long-term care costs of between £35,000 and £50,000 as part of a package of reforms designed […]


Treasury to hold FCA to account

The Financial Conduct Authority will have to report to the Treasury to justify its decisions in the event of a regulatory failure. The accountability measure was laid out in the FCA’s app-roach to regulation document this week, which includes a duty for the Treasury to publish the report and lay it before Parliament unless there […]

Fears Govt could reject Dilnot’s radical LTC cost cap

The Dilnot Commission is set to recommend a cap on long-term care costs of between £35,000 and £50,000 as part of a package of reforms designed to encourage the insurance industry into the LTC market. The commission publishes its report on July 4 and will propose the cap on LTC costs alongside an increase in […]


Guide: reporting to the Pensions Regulator — what and when?

Johnson Fleming has published a step-by-step guide demonstrating the importance of record keeping and reporting, and how it can ensure you operate a successful scheme. The guide takes you through some key questions you need to ask and identifies the information you need to obtain. The topics include: why you need to keep records and the benefits of doing this; registering your scheme; what information you need to record to ensure you meet the Pensions Regulator’s requirements; and what items need to be recorded and when.


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