The Pensions Regulator (TPR) has reaffirmed its determination to ensure trustees demonstrate good governance by fining four master trust schemes for not completing a chair's statement.
In the first fine of its kind, the professional trustee of Nurture Master Trust, MC Trustees was told to pay the maximum fine of £2,000 as there were no mitigating factors in the case. The firm did...
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.