Incentivised transfer exercises have been backed by an administration industry trade body after pensions minister Steve Webb announced a crackdown on companies offering cash incentives.
The Pensions Administration Standards Association said administrators had a "huge part to play" in such exercises and warned against losing sight of the benefits they could bring for some members. Webb's...
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.