Alternative funding structures, now commonplace in the private sector, are being discussed at local government level to help cash-strapped employers, finds Stephanie Baxter
At a glance Asset-backed funding is attracting interest from LGPS members The structures could help councils cut contributions without compromising the security of benefits But they are...
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.