Just Retirement sales up
Just Retirement’s sales rose by 25pc to £387m in the second half of last year, figures show. The life assurance group also reported a substantial increase in annuity market share from 5.2pc to 6.4pc 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.