A major mis-selling scandal is likely to hit millions of retirees unless default decumulation options are set up, the National Employment Savings Trust (NEST) has warned.
The government-backed auto-enrolment pension scheme said strong default options should be set up to complement a thriving and competitive advice market. It made the comments in its response to the Work...
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.