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National Employment Savings Trust (NEST) is one of the qualifying pension schemes that employers can use to meet their new duties. It was set up as part of the government's workplace pension reforms. Nest is a trust-based defined contribution pension scheme, run by a trustee (Nest Corporation) on a not-for-profit basis.
People and households without private pensions. Pensions in the United Kingdom, whereby United Kingdom tax payers have some of their wages deducted to save for retirement, can be categorised into three major divisions – state, occupational and personal pensions.
From its inception, USS was the main pension scheme for UK academics and senior administrative staff of universities and similar higher-education or research institutions. [5] This predominance was lessened, however, when the Further and Higher Education Act 1992 created numerous ' new universities ', whose employees (old and new) remained in ...
The British Medical Association and the Fire Brigades Union are bringing linked legal challenges against the Treasury.
Education Maintenance Allowance (EMA) (Welsh: Lwfans Cynhaliaeth Addysg; LCA) is a financial scheme applicable to students aged between sixteen and nineteen and those undertaking unpaid vocational or non-university academic learning in the United Kingdom (except England) and whose parents had a certain level of taxable income. It is no longer ...
The Local Government Pension Scheme (LGPS) is one of the largest public sector pension schemes in the United Kingdom, with 6.4 million members from 15,000 employers. [1] It is a defined benefit pension plan. Administration is carried out through 89 [2] regional pension funds such as Greater Manchester Pension Fund and London Pensions Fund ...
The Youth Training Scheme (YTS) was the name in the United Kingdom of an on-the-job training course for school leavers aged 16 and 17 and was managed by the Manpower Services Commission. The scheme was first outlined in the 1980 white paper A New Training Initiative: A Programme for Action , and it was brought into operation in 1983 to replace ...
Throughout its existence as a well known public sector pension scheme, [5] the LPFA has been a key figure in influencing the Local Government Pension Scheme for local government employees and others across the United Kingdom and is described by Bloomberg, as among "the world's biggest investors" [6] It contributes to debates on issues related ...