State Street Corporation has been appointed as fund administrator for the National Employment Savings Trust.
State Street Corporation will provide end-to-end fund administration and custody services to NEST. The ten year contract comes in two stages - with the first running until late November. NEST Corporation...
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.