Three-quarters of judges will not face cuts to their pensions, the government said yesterday, as it backtracked on plans to include judges in the Civil Service pension scheme.
In a written ministerial statement, justice secretary Chris Grayling said the government would create a new stand-alone judicial pension scheme but it would not apply to judges within 10 years of the pension...
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.