UK - Investment by small self-administered schemes dropped by £4.6bn in the first quarter of the year.
New figures released by the Office of National Statistics show the amount invested by SSASs dropped from £6.8bn in the last quarter of 2003 to £2.2bn this year.
A number of pension schemes have been prompted to lock in gains with a move into bonds after the estimated deficit across FTSE 100 DB pension schemes improved by £36bn, over the 12 months ending 30 June last year, JLT Employment Benefits found.
HM Treasury has agreed in principle to give NEST a £329m contingent liability guarantee in the event of the master trust's wind up or closure.
AMP Capital has set up a dedicated team to help institutional investors, including pension funds, invest in infrastructure through direct equity allocations.