THE GOVERNMENT has gone out to consultation on draft regulations which will allow self invested personal pension schemes to hold protected rights.
Existing restrictions prevent protected rights – funds accrued from contracting out of the state second pension – from being held in self invested personal pensions and instead have to be held in insured...
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.