Treasury agrees £330m guarantee for NEST authorisation
Needs to apply for authorisation
HM Treasury agrees in principle to give NEST £329 in event of wind up or closure
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). In...
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