TRUSTEES must do more to protect members who are offered cash inducements to leave schemes, The Pensions Advisory Service says.
TPAS chief executive Malcolm McLean said trustees had too often “stood back” while employers offered members attractive cash sums to opt out of final salary schemes and into a personal pension. McLean...
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.