UK - Trade union Amicus is scrutinising MG Rover's company accounts following the car manufacturer's decision to set up a trust fund to provide post-retirement benefits for company directors.
An Amicus spokesman said financial experts had visited MG Rover to look at records and planned to look at the £12.9m trust fund in light of the firm’s £73m scheme deficit.
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.