Workers at the University of Sussex will go on strike today after pensions negotiations broke down between trade union Unite and the institution.
Unite said the university has proposed to close its defined benefit pension scheme to new entrants, and has also proposed to pass off future deficits on a shared basis between the existing support staff...
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.