THE administrative burden of personal accounts will only be overcome if the operation is electronic, the delivery authority says.
Personal Accounts Delivery Authority chief executive Tim Jones said the scheme faces many hurdles, including the massive scale of administration. Jones told the Society of Pension Consultants that the...
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.