A policy statement for the first set of remedies outlined in the Financial Conduct Authority (FCA) asset management market study will be released by the end of March.
These remedies, which the watchdog consulted on last year, include measures to improve governance such as strengthening obligations to act in the best interests of investors, changes to existing guidance...
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.