As the new governor of the Bank of England takes office, the pensions industry will be watching closely for any early signs of a change in monetary policy.
With pension arrangements highly vulnerable to market conditions, even a subtle change in the Bank's emphasis can have a significant impact on defined benefit plan funding positions or the incomes of future...
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.