In his Autumn Statement Chancellor George Osborne unveiled a host of measures for the pensions industry, but the cut to the annual and lifetime allowance will have the most immediate impact for trustees and employers.
Despite vigorous industry opposition to any changes, the Chancellor revealed the annual allowance will be reduced to £40,000 and the lifetime allowance will be cut to £1.25m from 2014/15. Trustees,...
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.