The government has delayed plans to force schemes to equalise guaranteed minimum pensions until Spring 2014, pensions minister Steve Webb told lawyers last week.
Webb (pictured) said the government would not announce any steps on GMP equalisation until next year, according to sources. Speaking at Merchant Taylor’s Hall at the Association of Pension Lawyers'...
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.