The gap between contributions into defined benefit and defined contribution pension schemes is growing, according to figures from the Office of National Statistics.
The ONS reports a “marked difference” between DC and DB contributions in 2006 in its latest report on the industry. The rate for open DB schemes was 4.9pc for members and 14.2pc for employers. The...
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.