The government has announced changes that will allow people to take very small benefits from occupational pension schemes as a lump sum.
In his first Budget, chancellor Alistair Darling said the new rules would look at one scheme in isolation and allow benefits to be paid as a lump sum where the value is below £2000 – allowing people to...
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.