UK - The government could be forced to subsidise the National Employment Savings Trust to the tune of £379m ($606m), European Commission documents show.
The shortfall - stemming from the scheme's public service obligation and policy constraints - would be too great to be met by private sector finance, the government said.
The documents estimate NEST will require a loan of £904m, with an additional subsidy of £235m, based on a take-up of three million to six million people by September 2016.
But lower than expected take-up could mean a loan of £1.275bn with a subsidy of £379m would be necessary.
The documents confirmed the government loan would not contravene EU rules on state aid.
The government predicted the scheme would take 20 to 27 years to break even.
It also revealed that the total costs for setting up and operating NEST are predicted to be between £856m and £938m for the first 10 years.
The Pensions Regulator (TPR) and Labour MP Stephen Kinnock and will listen to the experiences of steelworkers when transferring their pensions away from the British Steel Pension Scheme (BSPS) next week in Port Talbot.
Just Group has acquired a 75% stake in the holding company of Corinthian Pension Consulting in a bid to strengthen its professional defined benefit (DB) advisory services.
The Pensions Regulator (TPR) has exercised its production order power under the Proceeds of Crime Act 2002 for the very first time as part of a fraud investigation.
The ITN Limited Pension Scheme has named Trafalgar House as its administrator for an initial term of five years.