ATP Plans NEST Alternative

Danish national pension fund, ATP, has appointed a former U.K. Conservative Shadow pensions minister, Nigel Waterson, to advise on their launch into the U.K. market.

Danish national pension fund, ATP, has appointed a former U.K. Conservative Shadow pensions minister, Nigel Waterson, to advise on their launch into the U.K. market, Financial News reports. ATP may unveil a U.K. savings product targeting low to middle income earners as an alternative to the National Employment Savings Trust (NEST).

ATP is planning to roll out the U.K. savings product to take advantage of reforms being introduced next year. From 2012, all U.K. companies will have to offer their workers a pension scheme, into which they will be automatically enrolled by law.

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