Defined benefit (DB) schemes ended 2017 with a much-enhanced funding position than at the start of the year, JLT Employee Benefits has recorded.
As of 31 December, the aggregate deficit of the UK's private sector DB schemes had fallen by £37bn to £150bn on the IAS 19 accounting measure compared to the same date in 2016. Assets totalled £1.6trn...
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.