Move aims to double the number of £25bn+ megafunds, boost investment and improve returns for savers
Commitment goes beyond the 10% recently agreed as part of the Mansion House Accord
SPP survey finds 77% say they expect DB schemes to have a surplus of 5% or more
Brightwell survey finds most firms with large, closed DB schemes are ‘eager’ to put surpluses to use
DB surpluses, endgame solutions, TPR innovation service, PP Live
Torsten Bell says move to safely release part of scheme surpluses will be announced shortly
Government-backed master trust commits around £446m to infrastructure debt fund
Government says reforms will bring ‘fairness’ and ‘equality’ to workers in the LGPS
New pool for 22 local authorities will be ‘biggest ever Welsh pension fund’
Provider will also develop single-employer CDC schemes for larger businesses