GOVERNMENT has "shot itself in the foot" over changes to alternatively secured pensions, independent trustee and administration firm Hartley SAS claims.
Last week Treasury economic secretary Ed Balls said that alternatively secured pensions (ASPs) after age 75 should not be used to “get round the annuity rules” – and should only be used on religious grounds...
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.