CAPITA Share Plan Services has acquired the share incentive plan administration business from Abbey National AESOP Trustees for an undisclosed fee.
The move will see Abbey’s SIP administration – outsourced to Capita since its inception five years ago – fall under Capita in its entirety, including corporate clients who have elected to outsource trusteeship...
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.