Trustees must accept there is no standard, one-way approach to guaranteed minimum pension (GMP) reconciliation, according to Helen Powell.
Speaking at the launch of the Pensions Administration Standards Association's (PASA) guidance on GMP reconciliation, the Allen & Overy counsel (speaking above) said there was no "black and white answer"...
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.