More than 90pc of trustees feel increasing levels of accountability are making life difficult, research reveals.
A survey of Pensions Management Institute members by Xafinity Paymaster found 92pc of respondents felt life as a trustee has become “much tougher” and stressful as a result of heightened accountability....
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.