UK - A training and competency system has been launched by the Chartered Insurance Institute, The Life Insurance Association and the Society of Financial Advisers.
The system – Financial ASSESS – will meet the FSA’s requirement that practitioners should maintain competence through regular assessment.
Financial ASSESS is a co-ordinated range of learning and assessment tools that keep users up-to-date with regulatory requirements.
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.