UK - The ex-wives of Armed Forces Pension Scheme members may be entitled to the same rights as their former husbands following a High Court ruling.
A judge ruled that the former wife of an army commander had an “arguable” case for discrimination because she could not draw her share of his pension until age 60 while he was drawing it at 58.
Justice Mitting gave Lady Susan Smith, 58, permission to take part in a judicial review hearing on the grounds it was discriminatory and breached her human rights.
The Ministry of Defence began paying Sir Rupert on his retirement on January 2002.
When he divorced last year he was able to continue receiving his half of the pot, but Smith could not.
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.