UNISON has welcomed the start of consultation on a new and improved pension scheme for Scottish local government workers.
The public sector union said it was pleased with the progress made so far, but still had some areas of concern. Unison Scottish convenor Mike Kirby said: “We want to discuss the way increased contributions...
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.