The Financial Conduct Authority has issued rules for pension providers on directing customers to the guidance service at the point of retirement.
The FCA said it had strengthened the standards following a consultation earlier this year. Changes to the standards cover how complaints should be dealt with; how the outcome of the guidance guarantee...
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.