The 72% rise in the Pension Protection Fund surplus is good news but it will raise the hackles of trustees and cash strapped sponsors facing tough funding positions of their own.
It really shouldn’t. The PPF is necessary to protect people from a life of poverty should their schemes fall over. More than that, the more successful the PPF is, the quicker the levy will cease. It hopes...
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.