Investment

Trustees who continue to pay bridging pensions beyond age 65 to reflect the rise in state pension age (SPA) could be in breach of trust, according to PTL managing director Richard Butcher.

The UK Debt Management Office (DMO) will launch a 55-year index linked gilt in the coming weeks but says issuing any bonds of longer duration remains difficult due to lack of demand.

The National Employment Savings Trust (NEST) has expressed interest in joining several defined benefit (DB) schemes investing in the pensions infrastructure platform (PIP).

The BT Pension Scheme (BTPS) is to increase its allocation to emerging markets (EM) but warns schemes to examine their reasons for investing in the regions.

The total deficit of private sector UK defined benefit (DB) schemes increased by £100bn last month as rising inflation expectations pushed up liabilities, figures show.

Invesco Perpetual has entered the multi asset space with the launch of the Invesco Perpetual Global Targeted Returns Fund.

M&G Investments has added to its social housing portfolio by providing north west housing provider Regenda Group with a £55m private placement deal.

A drop in the FTSE over August has wiped out summer deficit reduction as levels return to those seen in May, research from Mercer shows.

Benchmark ten-year gilt yields hit a fresh two-year high of over 3% after the Bank of England (BoE) opted not to release further ‘forward guidance'.

The Pension Protection Fund (PPF) has confirmed it will increase its levy for 2014/15 by 10% to £695m.