Two doctors and their accomplice have been banned from acting as directors of a company for more than 14 years for failing pay almost £700,000 in staff pension contributions to their scheme.
The trio ran out-of-hours GP service provider Camidoc Limited in north London and used almost all their employees' contributions to prop up the company's finances between 2008 and 2010. A criminal investigation...
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.