Too much weight was placed on a test determining the manageable distance to self-sufficiency within 20 years for the Universities Superannuation Scheme (USS), a joint expert panel has concluded.
The test resulted in outputs highly sensitive to "subjective" input assumptions, and has acted as a "constraint on benefit design and driver of investment strategy", creating too high a valuation of the...
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.