Michael Klimes looks at industry reaction to Now Pensions' clients having contributions returned and asks where the fault lies
At a glance Now Pensions clients have had up to seven months of contributions returned The firm blames poor data from employers TPR is unlikely to step in, but Now could compensate clients...
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.