30 March 2010
The Government has estimated that the National Employment
Savings Trust (NEST) two per cent contribution charge could remain
in place for 20 years.
Responding to a question in Parliament, Pensions Minister Angela
Eagle said: "The period in which the loan to the NEST Corporation
will be repaid will ultimately depend on a variety of factors,
including the final costs of NEST and the size and the nature of
its membership.
We anticipate that the total loan period, including the years in
which NEST borrows from Government and the subsequent repayments,
will last in the region of 20 years."
