The government should scrap the state pension 'triple lock' and replace it with an earnings link, according to John Cridland's long-anticipated review.
The report, published 23 March, also argued the state pension age (SPA) should rise to 68 by 2039, and then could increase one year every decade in line with longevity expectations. This means the SPA...
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.