WPAS versus NEST
Workplace Pension Advisory service provide a full support service to employers to ensure that they are always compliant, all of our members will know exactly where and how their workplace pension is performing by receiving regular statements. Unfortunately NEST only provide a limited support service. As well as an annual management charge, there is also a 1.8% monthly contribution charge taken from each employee. Currently NEST do not allow transfers in or out of their scheme which can have an impact on leavers or new start employees to your business. There has also been a lack of information to when and are where funds are invested and reporting of performance.