Government should lift restrictions on the National Employment and Savings Trust's annual contributions and transfer terms "as a matter of urgency", the Work and Pensions Committee has said.
The House of Commons group's report Lifting the restrictions on NEST, published today, called for the Department for Work and Pensions to launch an immediate review of the restrictions. Members of NEST...
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.