Santander's combined defined benefit (DB) deficit has increased more than five times in the first half of the year, its interim results show.
The UK arm of the Spanish banking group operates three DB schemes, one of which is unfunded. Of the two funded schemes, one reported a surplus of £203m. However, this surplus was down from the end of...
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.