Strategy of HSBC pension funds attacked; US moves to reclaim financial markets supremacy; Worries push sterling down
Strategy of HSBC pension funds attacked The Times (p45) HSBC was accused yesterday of running its pension funds in a way that could be as damaging to shareholders as its disastrous foray into US sub-prime...
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.