Top civil servants have pension pots worth almost £150m funded entirely by taxpayers, the Liberal Democrats claim.
The figures obtained by the party show the average pension pot among the top 10 civil servants from 19 government departments is more than £800,000 which could provide a retirement income of £60,000 plus...
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.