Hertfordshire County Council was ordered to pay a co-habitee's pension after it failed to inform a member about proper nomination procedures.
The council said the case would “open the door to a wide range of claims”. However, the ombudsman ruled it was liable and it should pay out of its own money, not its pension scheme. The case revolved...
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.