Bury eyes £1bn for pensions deals; Labour warned on post strike; Sainsbury progress; De-risk to deal with volatility, report says
Bury eyes £1bn for pensions deals Financial Times (FTCM p20) Sir Peter Burt, former Bank of Scotland chief executive and ex-chairman of ITV, is looking to raise up to £1bn to join the pensions insurance...
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.