HIGH street retailer Woolworths believes its final salary pension scheme is fully funded.
Despite a dip in overall profits, the firm’s pension scheme – which has 5638 active members, 3304 deferred members but only 956 current pensioners – is in a healthy position as it receives more contributions...
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.