The different way peoples' pension contributions are calculated risks cutting low earners out of auto-enrolment (AE) according to the pensions minister.
Speaking at today's annual Trades Union Congress (TUC) conference on pensions, Baroness Ros Altmann explained that employees on low incomes could lose as much as 20% to 25% in tax relief on their contributions....
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.