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National Employment Savings Trust

Volume 508: debated on Tuesday 23 March 2010

To ask the Secretary of State for Work and Pensions what assessment she has made of the lessons to be learned from other Government IT projects in the delivery of services for the National Employment Savings Trust by the Personal Accounts Delivery Authority. (321845)

The Department’s Enabling Retirement Savings Programme, which is responsible for delivering the workplace pension reforms has used internal and external expertise to ensure robust delivery of IT programmes, including regular contact with the Office of Government Commerce, about IT project management both in the public and private sectors over the course of the last year, the causes of project failure and the lessons that could be learned from previous Government IT projects.

To ask the Secretary of State for Work and Pensions with reference to the written ministerial statement of 16 March 2010, Official Report, columns 57-8WS, on National Employment Savings Trust (NEST), if she will place in the Library a copy of the terms and conditions of the proposed Government loan to NEST. (323770)

The terms and conditions of the loan agreement between my Department and the NEST Corporation will not be finalised until after the NEST Corporation has been established.

Once finalised, I will make public the terms and conditions of the agreement, taking into account any areas that are considered to be commercially sensitive.

To ask the Secretary of State for Work and Pensions with reference to the written ministerial statement of 16 March 2010, Official Report, columns 57-58WS, on National Employment Savings Trust (NEST), over what time period she expects the proposed Government loan to NEST to be repaid. (323771)

The period in which the loan to NEST Corporation will be repaid will ultimately depend on a variety of factors, including the final costs of NEST and the size and 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.