Current lifestyle funds could lead to defined contribution scheme members losing as much as 20% of their pension pot at retirement, PwC says.
Research by the consultant has found many DC pots are invested in lifestyle default structures geared towards target retirement ages that are no longer suitable for today's workers. According to PwC,...
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.