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 of...
An unnamed London-based employer has been hit with a £350,000 fine from The Pensions Regulator (TPR) for failing to fully comply with its pension duties.
XPS Pensions has enhanced its fiduciary management selection service in order to help trustees through initial selection and mandatory re-tendering.
One in five defined benefit (DB) schemes are in The Pension Regulator's (TPR) weakest two categories, analysis by Hymans Robertson has revealed.
State Street Global Advisors (SSGA) has been selected as the first index manager for the Asset Management Exchange's (AMX) passive funds.