DWP loan to NEST reaches £120m

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The National Employment Savings Trust Corporation spent £31m during 2010/11 - including paying £5m in interest payments on a Department for Work and Pensions loan, the balance of which has hit £120m.

The figures - reported in NEST Corporation's annual report and accounts, published yesterday - also revealed it received grant-in-aid funding of £1.2m and drew net loan funding of £78.9m. The re...

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