Trade union Amicus claims it has recruited 1000 members at Standard Life amid changes to the pension scheme and fears over job cuts.
Standard Life unveiled plans to close its final salary scheme to its 7000 workers in November. And more recently it revealed plans to cut 1000 jobs. Standard Life has put two pension proposals out...
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.