Corporate pensions providers need to become more involved in the Retail Distribution Review or risk the FSA imposing "potentially damaging" solutions, Aegon warns.
The life and pensions firm said while the RDR – which was launched in response to recurrent problems in the market for the distribution of retail investment products – has been focussed on individual pensions,...
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.