UK - Winterthur Life, the UK life and pensions arm of Credit Suisse, has appointed John McCreadie as a new business development manager.
McCreadie has over 15 years of work experience gained within the finance industry at both Scottish Equitable and Clerical Medical.
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.