COMPLYING with the pension provisions of age discrimination legislation could cost companies up to £1m, businesses say.
Law firm Eversheds quizzed more than 100 companies and found 50pc anticipated a significant increase in costs including training, internal management and administration to meet the new requirements. ...
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.