More than one third of pension schemes experienced fraud this year as risks to members were increased by the introduction of the April freedoms, according to research by RSM.
The figure is more than double the 17% reported in the firm's last pension fraud risk survey in 2013. The firm said this "dramatic" increase in fraud was worrying, especially as 20% of schemes said...
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.