SCHEMES are struggling to prepare for new age discrimination regulations and are blaming HM Revenue & Customs for dragging its heels on issuing guidelines.
Prudential staff pensions manager Andrew Parncutt said the entire process was becoming “tortuous” and feared a repeat of the confusion over A-Day’s tax simplification changes. He said: “We are sitting...
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.