NEST is stands for National Employment Savings Trust.

NEST is the new Government backed pension scheme which is being launched to coincide with the start of auto-enrolment {link to auto-enrolment page}.

It is however just one of the plans that can be used to adhere to the new pension legislation requirements of auto-enrol.

It is likely that the NEST plan will be used for a starter-scheme for new employees before transferring them after a period (for example one year or when they pas their probationary period) into the main Company Pension Scheme.

It might also be that NEST is used for special categories of staff or employees.

It could be that NEST is used by employers to offer a lower contribution to certain employees than which is offers by the main Company Pension Scheme.

Of course, in some instances NEST could be used as the main and only pension scheme.