There is no certainty of when taxpayers will be paid back the loan which was made to establish the National Employment Savings Trust (NEST), the Public Accounts Committee has found.
MPs quizzed NEST chief executive Helen Dean and Department for Work and Pensions permanent secretary Robert Devereux about how the provider was managing auto-enrolment (AE). While NEST has £623m assets...
This week's top stories included Legal & General acquiring MyFutureNow to provide a dashboard service to customers, while also agreeing a hybrid buy-in with a Hitachi scheme.
NEST has signed up to the government-backed Star Initiative, taking all of its 8 million members' pension pots with it.
It is perhaps inherently difficult to find an agreed definition of value for money, but some methodologies could act as a stopgap, argues Jonathan Stapleton.