First victims of bust firms receive payouts; One in five risk losing out in personal accounts; Linking state pension to earnings will mean three extra years at work; Hole in Harrods pension fund grows
First victims of bust firms receive payouts The Guardian (pg 35) The PPF will make its first payments to 46 members of three small retirements schemes of companies that went bust. A further 6,000 are...
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.