EUROPE - Abacus, one of the Isle of Man's trust and corporate service providers, is now registered with the Insurance and Pensions Authority to act as a schemes administrator for international trust-based pensions.
The Retirement Benefits Schemes (International Schemes) Regulations 2001 took effect at the start of this year.
The Pensions and Lifetime Savings Association (PLSA) has announced it will shrink its board by more than one-third as part of a governance overhaul to make it "agile and more appropriate".
Smaller FTSE 350 defined benefit (DB) schemes were nearly 15 percentage points less well-funded than larger schemes in 2017, according to a Goldman Sachs Asset Management (GSAM) analysis.
The advent of collective pension systems could help the UK avoid demographic challenges which will make it "impossible" for society to help savers in retirement, experts say.