THE government has refused to change legislation which would fully exempt a pension scheme from the Pension Protection Fund if it took out a policy with BrightonRock Insurance.
Pensions reform minister Mike O’Brien met with the company – which wants to offer schemes an alternative to full buyout – on Monday to discuss its request. BrightonRock wanted the government to amend...
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.