BT will reduce its scheme liabilities by £2.9bn after the government's decision to use Consumer Prices Index to measure inflation, an actuarial review shows.
The telecommunications company said moving to CPI reduces the IAS19 accounting valuation of its scheme's liabilities by about £2.9bn. At 30 September this year BT recorded a total IAS19 deficit of £5.2bn,...
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.