Julie Peaple
Julie is Director of Pensions and Public law, and Deputy General Counsel, at Nest Corporation, the trustee of the Nest pension scheme. She advises the Nest Board on decision-making and their responsibilities as a public body and as a trustee. Her remit covers both pensions law, including advising on the NEST Order and Rules and managing legal risks in proposition development, and public law, given the Corporation’s public body status. She has worked for Nest Corporation since its establishment in 2010 and, before that, for its predecessor, the Personal Accounts Delivery Authority. The unique interaction of two bodies of law - public law and pensions trust law – to which the Corporation is subject, and the continually evolving nature of the auto enrolment and master trust legislative framework it operates within, creates an interesting and challenging legal environment.
Practice Area
Panel
- Contributing Author
Qualified Year
- 1998
Membership
- Association of Pension Lawyers
- Executive committee of NDPB Lawyers Group (2016-2018)
Qualification
- LLB (hons) (1996)
Education
- University of Strathclyde (1991 - 1996)
1 Contributions by Julie Peaple
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
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