There will be 8,676 intra-employer transfers between defined benefit (DB) and defined contribution (DC) schemes each year as a result of additional DC freedoms, according to a government impact assessment.
The term intra-employer transfer refers to member transfers to a DC scheme operated by the same employer. The process will cost £3.84m a year if measures to provide additional safeguards are implemented,...
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.