The Department for Work and Pensions (DWP) has proposed to exempt the largest master trusts from some auditing rules.
This comes after The Pensions Regulator (TPR) and the Institute of Chartered Accountants in England and Wales (ICAEW) published a joint assurance framework for master trusts which included an expectation...
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.