STATISTICS from the department for work and pensions show almost 12 million people are now claiming the state pension.
In November 2006 a total of 11.8m pensioners received payments, an increase of 145,000 people from the previous year. The DWP figures show 62pc of claimants were women, and 66pc of claimants were not...
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.