SPINNAKER Group has launched a low-cost master trust which, it says, can lead to big savings for defined contribution schemes.
The Spinnaker Master Trust – which has an annual management charge of 0.25pc for all services – estimates an average unbundled defined contribution scheme spends up to £100 a year per member on admin and...
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.