The number of people transferring out of defined benefit (DB) schemes each month doubled over the last year, according to figures from Xafinity.
The administrator's figures show that the number of transfers it handled increased sharply in June, and peaked in October, while November's figures were still almost twice the level seen in January. ...
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.