Round up - July 8
Swiss Re to join pension buyout market; Asia sinks to lowest level this year; British Chambers of Commerce warns Britain is close to recession; Hedge funds hit troubled banks with a hiring binge
Swiss Re to join pension buyout market The Telegraph Swiss Re is to become the latest investment bank to enter the pension buyout market. It will launch a new division in September to offer services,...
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PLSA shrinks board by four in governance overhaul
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 DB schemes 15 points less well-funded with 'less robust' risk management
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.
Longevity 14: CDC urged as solution to demographic challenges and 'insolvent' state system
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.