Accounting guidelines which aim to make pension reporting more transparent have "frightening" implications for UK firms, Aon Consulting warns.
It said that the guidelines unveiled by the Accounting Standards Board (Professional Pensions, January 25) would lead to firms disclosing their buyout deficits in their accounts. Chief actuary Donald...
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.