The International Accounting Standards Board has published a "near final" draft of its revised pension accounting standard IAS19 - confirming key changes that could see £10bn wiped off UK company profits.
The standard is still in draft form and technically in the editorial process - hence the "near final" draft - but sources said the standard is not expected to substantially change between now and when...
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.