Two-thirds of defined contribution (DC) pension schemes are offering members the chance to access the freedom and choice reforms launched last month, according to research.
But while the vast majority (94%) of these were allowing people to cash out their pots through the uncrystallised funds pension lump sum (UFPLS), only 14% were providing flexi access drawdown, the survey...
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.