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...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders