PA Consulting has completed a full buyout of its £850m scheme with Pension Insurance Corporation (PIC).
The full buyout - which covers the pension liabilities of approximately 2,400 members in the management consultancy's defined benefit (DB) scheme - was structured with a price lock based on the scheme's...
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.