RPMI is to taking over the administration of the House of Commons Parliamentary Contributory Pension Fund.
RPMI, which will take on the contract in June, will provide the administration services for the defined benefit fund which has around 2000 members. Trustee chairman Sir John Butterfill said: “We are...
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.