The Local Authority Pension Fund Forum has called for a wholesale overhaul of "broken" executive pay practices.
Investors and companies must address the "scale and growth" of pay, instead of tackling the structure of remuneration packages, it said. The forum, which represents 57 local authority funds with combined...
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.