More than 60% of trust-based schemes do not provide access to a flexible drawdown facility, suggesting a slow response to the April freedoms, according to Willis Towers Watson.
The firm's Pensions Flexibility Study published today found that just 7% of the 222 trust-based schemes surveyed provided flexi-access drawdown within their trust. The firm said while the number 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.