The West Midlands Pension Fund has launched an online portal for its members and employers which provides secure access to its Local Government Pension Scheme records.
The pension fund currently has around 270,000 members of which 98,000 are active and 84,000 are pensioners. The portal will enable members of the WMPF, and the West Midlands Integrated Transport Authority...
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.