DWP lowers pensions transfer values; Merrill sees record 68pc rise in profits; Strong business performance increases likelihood of rate rise; Furse hints at doors to open if LSE investors shun Nasdaq
DWP lowers pensions transfer values Financial Times (p3) Private sector employers offering lump sums to those transferring out of pension schemes will not be required to give cash payouts large enough...
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.