The Pensions Regulator's proposed approach to trust-based defined contribution could force schemes to close due to regulatory arbitrage, increased compliance burdens, and a lack of clarity, the industry warns.
TPR consulted on its new regulatory approach for DC this year, producing a list of 31 principles schemes must display and a code of conduct (PP Online, 10 January). As the consultation closed on 28...
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.