Legal Guidance and Research / Experts / Michael Hames
Michael Hames#1915
LinkedIn External

Michael Hames

Nest Corporation

Michael is a Senior Legal Counsel at NEST Corporation, advising both the trustee members and the executive team on all aspects of pensions law and other legal areas as and when required. More specifically, he is heavily involved with advising both the investment and finance team on legal issues.

Michael has been involved from the ground up in advising on the legal issues surrounding the setting up and launch of the NEST scheme and continues to be at the forefront of all automatic enrolment issues, pension legislative changes and how this impacts on the NEST scheme and its members.

Michael is a full member of the Association of Pension Lawyers.

Practice Area

Panel

  • Contributing Author

Membership

  • Association of Pension Lawyers

1 Contributions by Michael Hames

NEST versus occupational pension schemes: master trust status, public service obligation, membership and tax relief, charges and investment, transfers, death benefits, employer participation, panels, research duty and pension freedoms
PRACTICE NOTES
NEST versus occupational pension schemes: master trust status, public service obligation, membership and tax relief, charges and investment, transfers, death benefits, employer participation, panels, research duty and pension freedoms
NEST Order and NEST Rules In this Practice Note, any mention of the National Employment Savings Trust (NEST) Order refers to the National Employment Savings Trust Order 2010, SI 2010/917 (the NEST Order), as in force from 25 May 2018. References to the NEST Rules mean the Rules of the National Employment Savings Trust effective from 5 August 2024. NEST is a low-charge, defined contribution occupational pension arrangement created as part of the government’s workplace pension reforms. Those reforms introduced a suite of employer obligations (the ‘employer duties’), including a requirement to place eligible jobholders automatically into a pension scheme that satisfies prescribed standards (an ‘automatic enrolment scheme’). NEST was designed to guarantee that every employer could access a low-charge vehicle to help them discharge these new duties. NEST has continued to grow strongly, with membership rising from 12 million to 13 million between March 2023 and March 2024. For more detail on the automatic-enrolment duties, see Practice Note: Auto-enrolment—the requirements. Although NEST came into being through legislation—section 67 of the Pensions Act 2008 (PenA 2008) and Article 3 of the NEST Order—rather than through executing a trust deed, PenA 2008 provides for the...
Pensions
Expert page AD
If you expected to see yourself on this page, click here.