Daily Insurance Industry News
 
 
Daily Insurance Industry News
Tuesday 20th of February 2018
June 22, 2011

NEST announces retirement panel providers

by Gill Montia

Story link: NEST announces retirement panel providers

The National Employment Savings Trust (NEST) has named its retirement panel providers as follows:

Canada Life, conventional and enhanced retirement income products; Just Retirement, enhanced retirement income products; Legal & General, conventional and enhanced retirement income products; Partnership, enhanced retirement income products; Reliance Mutual, enhanced retirement income products specifically for those who smoke.

According to the government-backed pension scheme, each panellist has given a commitment to provide annuities on pots from £1,500 upwards.

Contracts with providers run for ten years and NEST members can, of course, buy from the panel or shop around.

NEST chief executive, Tim Jones, says: “I’m delighted with the quality of providers … our panel will enable members to buy a retirement income product if this is appropriate to their needs, even if they have a small pot.”

 

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