The Australian government has set up a financial services working group in a bid to slash "lengthy, complex and unreadable" financial services disclosure documentation.
Minister for superannuation and corporate law Nick Sherry and the minister for finance and deregulation Lindsay Tanner said the working group would consist of senior officers from the treasury, Australian...
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.