UK employers are lagging behind in terms of the proportion of pension contributions they are providing to their staff, a study of worldwide defined contribution (DC) provision reveals.
While UK employers will offer on average 37.5% of the 8% total minimum contributions from 2019, under auto-enrolment (AE), this is considerably lower than those provided to employees across the globe....
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.