Companies could increase their defined benefit (DB) contributions rates to meet a £770bn funding gap over the next 60 years.
This is despite FTSE 350 companies already allocating 34p in every £1 spent to plugging DB funding shortfalls. Barnett Waddingham's Impact of Pension Schemes on UK Business report showed FTSE 350 DB...
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.