The financial crisis left the GHG Retirement Plan in real difficulty. However, the scheme is now in a much better funding position thanks to the building of a strong strategic partnership finds Helen Morrissey.
At a glance The GHG Retirement Plan suffered a decline in funding position during the financial crisis Developed a strategic partnership with investment consultant and fund manager to improve...
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.