UK - Moves to help address the problems IFAs are facing over professional indemnity cover have been unveiled by the Financial Services Authority.
The FSA held a forum for financial advisers experiencing problems with PI insurance.
It has also published a consultation paper on its proposed PI policy and rules for IFAs.
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.