Provider comparison
NEST vs Aviva
Side-by-side comparison from the PerkIQ directory. Cover, pricing, regulator status, and fit at a glance.
Category
Pension & Retirement
Pension & Retirement
Best for
Any size
Businesses of all sizes
Pricing model
Free for employers; members pay charges
On request
UK presence
Workplace pension scheme
UK insurer
Regulator
Master trust supervised by The Pensions Regulator
FCA and PRA regulated insurer (see FCA Register)
Strapline
Nest is the workplace pension scheme set up to support automatic enrolment. It is free for employers to use.
Aviva offers workplace pensions for employers, including a group personal pension and a master trust, alongside group protection.
What's included
- Free for employers. There are no charges for employers.
- Public corporation. Run by Nest Corporation, accountable to Parliament through the DWP.
- Fund choices. Retirement Date Funds by default, plus higher risk, lower growth, ethical and Sharia options.
- Online administration. Employers manage enrolment and contributions online.
- Group personal pension. A contract-based workplace pension for auto-enrolment.
- Aviva Master Trust. A trust-based workplace pension run by a trustee board.
- Group protection. Group life and income protection available alongside the pension.
- Direct or through an adviser. Available directly or through a financial adviser or broker.
At a glance
- Free for employers
- Public corporation
- No shareholders
- Any size of employer
- FCA and PRA regulated
- Group personal pension
- Master trust option
- Group protection available
Pick the right one with data, not a sales pitch
Score your benefits stack with PerkIQ and you'll see which of these (or another provider entirely) closes the biggest gaps for your team.
Information on this page is editorial, gathered from public sources and the providers' own materials, and does not constitute financial advice or a recommendation. For a quote, contact each provider directly or speak to an FCA-authorised broker. PerkIQ is not a reseller and earns no commission on provider sign-ups.