Muse Advisory has been appointed as secretary of the P&O Ferries Trustee Board following its work to implement a new defined benefit scheme for the company earlier this year.
The advisory firm has been working with P&O management and the P&O pensions teams to establish a stand alone defined benefit scheme for 750 employees following a company restructure. P&O Ferries chief...
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.