RSM Tenon's collapse could potentially leave more than £600,000 of outstanding contributions to its defined contribution (DC) scheme unpaid as the payment competes with higher ranking debts.
The seventh largest accountancy firm in the country filed for administration yesterday after a failed attempt to sell the business to rival Baker Tilly (PP Online, 22 August). However, once the firm...
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.