Ministers must clarify what role the personal accounts delivery authority will have in setting up exemption tests from the government scheme, Standard Life says.
The industry raised concerns after PADA chairman Paul Myners said his definition of an excellent pension scheme included good standards of governance, an “appropriate range of investment options” and low...
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.