People in the West Midlands have the most pessimistic view of pension saving in the country, with more than 60% believing they will be poor in retirement, a survey reveals.
The level of dejection in the Midlands is 7% lower than the national average of 55%, with 62% of Midlanders saying they are not confident they will have enough money in retirement, a National Association...
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.