The Pensions Regulator (TPR) has cut its projected annual budget for 2015-16 from £84.8m to £76m according to its corporate plan, published today.
The watchdog, which axed 25 jobs in an internal restructure last year, also revised down its predicted staff numbers by over 100 during the past year. The budget cut, which represents a 10% reduction...
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.