Opt-out rates averaged around 9% in the first six months of auto-enrolment (AE), the Department for Work and Pensions (DWP) has confirmed.
Unofficial estimates from the earliest months of the project suggested rates of less than 10%, with companies such as McDonalds and Whitbread reporting opt-out rates of around 3% (PP Online, 13 June, 27...
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.