UK - Pointon York Sipp Solutions has received a recommendation for its pension product from software provider Misys Networks.
Misys said: “The company has a proud history in the Sipp market being the first to get revenue approval for the Sipp in 1989, the first to launch a Sipp in 1990 and the first to launch a group Sipp framework in 2001.”
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.