THE TELENT pension scheme is to dump its remaining equities and move all assets into bonds and alternative investments.
The £2.7bn scheme currently has about £540m – or 20pc of its assets – in equities, 70pc in bonds and 10pc in property. Trustees plan to hold 80pc of the scheme’s assets in bonds and split the remainder...
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.