More than half of retirees could be at risk of making poor decisions with their defined contribution (DC) savings by 2024, warns the Pensions Policy Institute.
The organisation said the number of medium risk and high risk retirees could more than double from 100,000 next year to 240,000 in a decade. The high risk group equates to 694,000 people or 12% of people...
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.