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The CBI today commented on the Department of Work and Pension's announcement that it will lift the annual contribution limit and transfer restrictions on the National Employment Savings Trust (NEST) by 2017. Neil Carberry, CBI Director for Employment and Skills, said: "The Government has sensibly decided to give businesses and providers clarity about the removal of the NEST restrictions. "By sticking to the original timeline the Government will ensure that NEST will be able to deliver its public duty effectively without distorting the market. "This means NEST won't stand in the way of innovation and a competitive auto-enrolment market, and businesses, providers and pension savers will have certainty about what will happen when." |
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