The CBI has called for an eight point action plan to be implemented in a bid to protect struggling firms from being damaged further by defined benefit pension schemes.
The business organisation called for the Pensions Regulator to investigate firms funding plans where deficit repayments will take more than 15 years, rather than the current ten. It said this would allow...
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.