A deal on separating the British Steel Pension Scheme (BSPS) from Tata Steel may be just two or three months away, according to reports.
The Telegraph has reported the £15bn final salary scheme, which is believed to be considering a regulated apportionment arrangement (RAA), could be close to reaching a deal after more than a year of negotiations....
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.