Poor quality data will hamper the ability of schemes to deal with guaranteed minimum pension (GMP) reconciliations and increase costs, according to research from Aon Hewitt.
In its Pensions Administration Survey 2015, 22% of respondents identified GMP reconciliation as the most pressing issue over the next 12 months. But 21% said data quality would hinder the delivery of...
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.