UK - Winterthur Life sold £561m of single premium group personal pensions through IFAs in the first half of the year.
Unit-linked single premium personal pensions fell by 9% within the IFA sector, but Winterthur Life experienced a rise of 49%.
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.