The National Employment Savings Trust(NEST) will be retained despite a cull of over 177 quangos, a Cabinet Office document says.
The list - seen by The Daily Telegraph - reveals 177 taxpayer-funded bodies will be abolished, 129 merged and 4 privatised. A further 94 bodies - including The Pensions Advisory Service - are still under threat.
It says the Pensions Ombudsman and the Pensions Protection Fund Ombudsman are to be merged with The Pensions Regulator.
However, the document revealed 350 bodies - including the Pension Protection Fund and The Pensions Regulator - would be retained.
It also said the National Employment Savings Trust (NEST) would not be scrapped, although it is unclear whether this is a temporary move. The decision will be revisited after the independent review of auto-enrolment - due to be completed on 30 September - makes its recommendations.
What made financial headlines over the weekend?
The chairman doggedly tries to be amusing
'Profitability is almost a myth'
Active Wealth in liquidation
Cautious welcome for volatility