The National Employment Savings Trust is:

• a scheme that employers can automatically enrol their eligible jobholders into when they don't want to use a private pension scheme
• a large defined contribution occupational pension scheme, aimed at low- and medium-earning employees who don't have access to a pension scheme through their employer
• run by the private sector at arm's length from the government
• governed and administered by a trustee corporation (NEST Corporation)
• quite basic, e-based where appropriate, with few choices for individuals who join
• Has a default lifestyle fund with 5 alternative fund choices if the employee wants to make a choice

Each member will have their own 'personal account' within NEST.

You can visit the NEST website for more information.