A third of workers plan to opt-out of their workplace pensions after being automatically enrolled under the government's pension reforms, a poll reveals.
Figures from the National Association of Pension Funds show 33% of workers eligible to join a qualifying workplace pension scheme intend to leave. Asked why, 40% said they do not trust the pensions industry....
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.