The current pensions tax system is "entirely incompatible" with scheme designs that could be introduced under the Pensions Schemes Bill, Association of Consulting Actuaries (ACA) chairman David Fairs has warned.
Speaking at the ACA's annual dinner on 26 November, Fairs said he was concerned that the speed of change may be too much and too soon for the industry. He also called for a simpler tax system following...
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.