UK - Alice Ingham and Mark Smith have been appointed lawyers in the pensions department of Taylor Joynson Garrett.
Ingham has qualified into the department after completing her training there, while Smith joins from Hammond Suddards Edge where he has been specialising in pensions for the last four years.
Taylor Joynson Garrett said: “The appointments are a reflection of the continued growth and success of the department.”
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.