MORE than a quarter of adults in the UK have made no provision for retirement, figures from the Alliance Trust annual retirement confidence index show.
The number of people who said they had “no form of pension” has jumped to 26pc from 20pc a year ago. Some 31pc of women admitted to not making any pension provision, compared with 23pc of women in 2006....
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.