NEST's loan won't be repaid until 2038; debt to double in next 9 years

James Phillips
clock • 2 min read

The National Employment Savings Trust (NEST) will not break even until 2026, at which point its debt to the Department for Work and Pensions (DWP) will have hit £1.2bn.

The loan will then not be paid off until 2038, a quarter of a century after the government-backed master trust was set up, according to government predictions. The debt totalled £539m at the end...

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James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

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