ANNUITY rates have dropped 14pc in the last five years, new research reveals.
Consumer website Find.co.uk said while rising life expectancy and falling bond yields had led to the drop, annuity rates have risen since the start of 2007 thanks to interest rate rises and competition...
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.