Decisions on whether branded providers should run personal accounts will be up to a new delivery authority, work and pensions secretary John Hutton said.
He told delegates the government was considering providing a range of funds but insisted a situation where all decisions were made for the individual should be avoided. Hutton said the delivery authority...
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.