GOVERNMENT proposals on personal accounts represent a full-scale assault on the existing pension system, the Association of British Insurers warns.
ABI director general Stephen Haddrill said the current proposals would take too much away from existing saving and fail to target low to middle earners. He said: “We in the pensions and savings industry...
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.