The government is looking to impose capital adequacy requirements on master trusts through the forthcoming pensions bill, PP understands.
Auto-enrolment (AE) master trust providers will need to ensure they have enough money to cover the costs of transferring to other schemes or winding up without charging members, if the scheme is forced...
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.