The expected charging structure for the National Employment Savings Trust has received a mixed reaction.
The government said it anticipated NEST would charge a 0.3% annual management charge over the longer term – but said there would also be an additional charge on contributions of about 2% to meet the costs...
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.