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Commenting on the Work and Pensions Committee Report, Lifting the restrictions on NEST, published today (Monday), TUC General Secretary Frances O'Grady said:

date: 8 February 2013

embargo: 00.01hrs Monday 11 February 2013

Commenting on the Work and Pensions Committee Report, Lifting the restrictions on NEST, published today (Monday), TUC General Secretary Frances O'Grady said:

'The Work and Pensions Committee report puts even more pressure on Steve Webb to lift the unjustified restrictions on NEST.

'The restrictions are a burden on both employers and workers. Employees are being prevented from maximising their savings as they approach retirement. And employers with better paid staff cannot use NEST as a sole scheme for their staff.

'With many more employers due to start auto-enrolling staff over the next few years the restrictions should go as soon as possible.'

NOTES TO EDITORS:

- The TUC, along with Age UK, EEF The Manufacturers' Organisation, the Federation of Small Businesses, the British Chambers of Commerce and Which? recently wrote to Pensions Minister Steve Webb MP calling for an end to NEST restrictions. The letter is available at www.tuc.org.uk/economy/tuc-21865-f0.cfm

- All TUC press releases can be found at www.tuc.org.uk

- Follow the TUC on Twitter: @tucnews

Contacts:

Media enquiries:
Liz Chinchen T: 020 7467 1248 M: 07778 158175 E: media@tuc.org.uk
Rob Holdsworth T: 020 7467 1372 M: 07717 531150 E: rholdsworth@tuc.org.uk
Alex Rossiter T: 020 7467 1337 M: 07887 572130 E: arossiter@tuc.org.uk

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