THE GOVERNMENT has no option but to extend the Financial Assistance Scheme to cover solvent companies, an independent trustee firm says.
Glasgow-based Dalriada Trustees believes the conclusions of the interim report from the Young Review – which suggested that the FAS might be extended to cover some employers that have remained solvent...
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.