Amid concern that the cap on exit fees only applies to contract-based schemes, the minister has confirmed that a separate cap will be imposed on trust-based schemes.
Chancellor George Osborne announced yesterday that the treasury would legislate to cap excessive early exit charges levied on savers using the pension freedoms. The Financial Conduct Authority (FCA)...
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.