Improved security on your Nest account – how to use bulk assignment to get ready for multi-factor authentication

From mid-April 2024, to improve the security on your Nest account, we are introducing multi-factor authentication (MFA). This means that each time you log in you will need to input a one-time passcode (sent to either your mobile phone or your registered email address).

In preparation for this change you may have noticed the message on your Nest account log-in screens asking you to make sure your email and phone numbers are up to date.

If you have more than one person using the same log-in, you will need to ensure that each user within your organisation has their own username and password. To help with this process, we are adding simple functionality so you can bulk assign all the employer accounts you have to a single user. Details on how to do this are available in the Nest help centre.

Need extra support navigating the Nest system?

To help you work through any issues you are having using Nest for your clients, we are offering one-to-one 30-minute review calls with our in-house experts. To book yours, email events@nestcorporation.org.uk. 

Automatic enrolment: review of the earnings trigger and qualifying earnings band for 2024/25.

DWP have published their review of the automatic enrolment earnings trigger and qualifying earnings band for 2024/25. This confirms that Government has decided to maintain all AE thresholds at their 2023/24 levels.

The lower limit of the qualifying earnings band for 2024/25 will be £6,240 and the upper limit will be £50,270.  The earnings trigger will be maintained at £10,000 for 2024/25.

If you would like to know more please visit Review of the earnings trigger and qualifying earnings band for 2024/25

See how your clients’ investments are performing

To see how Nest investments have performed this year we have produced a short video or, for more detail you can read our latest Quarterly Investment Report.

The latest Corporate Adviser Pensions Average (CAPA) data, as at 31/12/2023 is shown in the chart below. It shows that Nest is delivering returns above the market average and doing so at significantly lower levels of investment risk, particularly when compared with the other top 10 defined contribution pension providers.

Dates for your diary

If you would like to meet colleagues from Nest face to face, we will be attending the following events:

An award-winning pension scheme

We’re proud to be recognised for delivering one of the highest quality workplace pension schemes in the market and we are delighted to be awarded the following accolades.

  • Corporate Adviser Awards
    • Best Default ESG Strategy – Highly commended
    • Ultimate Default Fund – Highly commended
  • European Pensions Award
    • Best Investment Strategy Award
  • Defaqto
    • Workplace pension, 5 star, multi-year rating