Over a quarter of large UK companies are considering selling their pension schemes, research by PricewaterhouseCoopers reveals.
The financial services firm’s latest pensions survey of 193 firms revealed that 11pc of employers were considering a sale in the next five years – and a further 16pc were considering such a move over a...
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.