Combined pension fund deficits on the balance sheets of the UK's top 100 companies are estimated to have hit £70bn, Towers Perrin says.
The consultant said during the past 12 months deficits of the FTSE100 companies had varied from a small surplus to a deficit of £70bn - demonstrating the high levels of volatility that defined benefit...
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.