Local government pension funds have increased allocation to alternative assets and bonds over the past three years while equities have fallen.
Research by State Street based on Pension Funds Online data for 105 local authorities across England, Scotland, Wales, and Northern Ireland shows total bond allocation rose from 11.9% in 2014 to 13.8%...
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.