Nearly a third of pension schemes moved more than 5pc of their investment portfolio to bonds last year, research by Aon Consulting reveals.
It said 30pc of schemes made the switch as the impact of closures and increased maturity affected investment strategy. But it said an increase in market volatility and the continued focus on bond yields...
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.