Employers offering defined benefit (DB) schemes are unlikely to increase their normal retirement ages beyond 65 despite changes to the state pension age (SPA), according to Aon Hewitt.
Head of pension benefit design James Patten agreed that increasing the SPA to 68 by the mid-2030s reflected the reality of increasing life expectancies and the need for people to work for longer. However,...
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.