Bosses have criticised the government's target band for savers into the proposed new personal accounts.
Ministers believe the new pension – with contributions of 4pc from workers, 3pc from employers and 1pc from the government – should be aimed at people earning between £5000 and £33,000 a year. But 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.