SEI has extended to its defined contribution master trust in a bid to alleviate the burden caused by the growing number of deferred members.
The investment management firm said the trust would now allow schemes to transfer the deferred members of their DC scheme or additional voluntary contribution arrangement to SEI. SEI DC product specialist...
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.