Falls in the US dollar and Japanese yen have wiped £5.7bn off scheme assets this year, Professional Pensions can reveal.
Figures provided by BNY Mellon Asset Servicing show that UK schemes hold around 10pc of their total assets in US equities and 4pc of their portfolios in Japanese shares. These scheme holdings are worth...
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.