Solvency II-style capital requirements for schemes could cost employers £350bn, cut 180,000 jobs from the economy and reduce the value of pensions warns the Confederation of British Industry.
Research commissioned by the lobby group found the measures, which may form part of an overhaul of the Institutions for Occupational Retirement Provisions, could cut long term growth by 2.5%. The CBI...
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.