Transport company Stagecoach has estimated it will need to pay £24.2m to equalise guaranteed minimum pensions (GMPs) for members of its defined benefit (DB) scheme.
Following the High Court's ruling in the Lloyds Bank case in October, the firm anticipated a 21% growth in the Stagecoach Group Pension Scheme's (SPS) deficit directly due to GMP-related liabilities, ...
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.