Britain faces a pensions timebomb because people have abandoned a savings culture and simply want to "live for today", an independent trustee warns.
Terry Monk – who is director of Independent Trustee Services – said the industry needed to rebuild confidence while the government had to ensure it was not just leaving people to fend for themselves. ...
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.