A Northern Ireland charity created to promote peace has gone into administration because of its spiralling defined benefit liability.
The Spirit of Eniskillen Trust, set up in 1989 following an IRA bombing in Eniskillen, has announced that it will be wound up. In a statement on the charity's website, the trustees said: "Reluctantly...
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.