Pension scheme rules to change

AOL Money Staff
Steve Webb
Steve Webb

The Government is to ease rules around its flagship low-cost pension scheme to make it easier for workers to build up their retirement pots.

Pensions Minister Steve Webb said that the Government will legislate "as soon as Parliamentary time allows" to lift restrictions placed on Nest (National Employment Savings Trust), set up as a not-for-profit option to fill gaps in the market as the automatic enrolment of workers into pension schemes rolls out.