Defined benefit schemes experienced an increase of more than £170bn in total deficits in 2009, marking the worst year on record, Pension Capital Strategies says.
PCS estimated all UK private sector pension schemes had a deficit of £212bn as at December 31, representing a funding level of 81%. The firm said this compares with a £37bn deficit in the previous year,...
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.