text_body: --- DIVISION TITLE ---
  
  National Employment Savings Trust (Amendment) Order 2015 - Removal of Contribution Limit and Transfer Restrictions
  
  --- MOTION EFFECT ---
  
  @ MP voted aye to remove the contribution limit and transfer restrictions applying to the government's NEST workplace pensions scheme.
  @ MP voted no against removing the contribution limit and transfer restrictions applying to the government's NEST workplace pensions scheme.
  
  The majority of MPs voted to remove the annual contribution limit and the transfer restrictions imposed on the [http://www.nestpensions.org.uk/ National Employment Savings Trust] (NEST) pension scheme from 1 April 2017. 
  
  NEST is the workplace pension set up by government to ensure that all employers have access to a scheme with which to meet their automatic enrolment duties.
  
  As well as giving more options for individuals the approved regulations allow employers to initiate the transfer, without membersâ consent, of accrued rights into or out of NEST[1]
  
  The annual NEST contribution limit for 2014/15 was Â£4,600.[1]
  
  At the time of this vote the only circumstances in which funds could be transferred into a NEST pension were[2]:
  
  * a court has awarded you a share of an ex-spouse or civil partnerâs retirement pot in a divorce or at the end of a civil partnership
  *itâs from an occupational pension scheme in which youâve saved for more than three months but less than two years.
  
  There was also a scheme for paying an "early leaver cash transfer" from a previous pension scheme into a NEST account.[3]
  
  The NEST Order and Rules[4] also permitted transfers out in the case of divorce. The rules required transfers out to only be made in cases of incapacity or reaching the minimum pension age and require such transfers be to other pension schemes.
  
  This vote was taken in the context of recently introduced greater flexibility for those reaching minimum pension age offering people a greater choices over what to do with their pension funds.[5]
  
  The motion supported by the majority of MPs taking part in this vote was:
  
  :That the draft [http://www.legislation.gov.uk/uksi/2015/178/introduction/made National Employment Savings Trust (Amendment) Order 2015, which was laid before this House on 16 December 2014], be approved.
  
  
  ==
  * [1] [http://www.legislation.gov.uk/uksi/2015/178/pdfs/uksiem_20150178_en.pdf Explanatory memorandum to the National Employment Savings Trust (Amendment) Order 2015]
  * [2] [http://www.nestpensions.org.uk/schemeweb/NestWeb/public/members/contents/faqs.html National Employment Savings Trust members' Frequently Asked Questions]
  * [3] [https://www.nestpensions.org.uk/schemeweb/NestWeb/includes/public/docs/TransferIn-Adding-an-early-leaver-cash-transfer,PDF.pdf "Adding an early leaver cashtransfer to your NEST retirement pot" (PDF) from the National Employment Savings Trust]
  * [4] [https://www.nestpensions.org.uk/schemeweb/NestWeb/includes/public/docs/NEST-Order-and-Rules,PDF.pdf NEST Order and Rules] (PDF) Version applicable from April 2013]
  * [5] [https://www.gov.uk/government/publications/pension-flexibility-2015 Pension Flexibility 2015 - Government policy paper]
  
  
  
  --- COMMENTS AND NOTES ---
  
  (put thoughts and notes for other researchers here)
  