Treasury agrees £330m guarantee for NEST authorisation

Kim Kaveh
clock • 2 min read

HM Treasury has agreed in principle to give NEST a £329m contingent liability guarantee in the event of the master trust's wind up or closure.

According to an announcement from the Department for Work and Pensions (DWP) yesterday (23 January), this is the amount which was estimated by NEST, and accepted by The Pensions Regulator (TPR). ...

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Kim Kaveh
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Kim Kaveh

Professional Pensions journalist from 2017-2020

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