MARINE services firm James Fisher has appointed HSBC Actuaries and Consultants to provide actuarial, administration and consultancy services to its two defined benefit schemes.
Trustee chairman Jon Vick said: “HSBC Actuaries and Consultants was appointed after a rigorous and competitive tendering process. “We were looking for a proactive approach together with value for money...
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.