The Local Government Pension Scheme (LGPS) deficit will keep on rising if funds continue to invest in gilts and bonds instead of infrastructure, London Pension Fund Authority deputy chairman Merrick Cockell has warned.
Speaking at the Future of the LGPS conference in London on 18 November, Cockell urged schemes to embrace infrastructure investment instead of relying on traditional, safe assets that move in line with...
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.