The Pensions Administration Standards Association (PASA) has published a comprehensive set of guidance notes on its accreditation process for third party and in-house administration teams.
Its accreditation standards cover service agreements, measuring and reporting, operational procedures and controls, data security and people. PASA director Fergus Clarke said: "The purpose of the guidance...
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.