THE DEBT Management Office's decision to cut its long-dated and index-linked gilt issuance will have only a marginal impact on pension schemes, consultants say.
The DMO will issue £23.4bn of long-dated gilts and £15bn of index-linked gilts in 2007-08 and a further £20bn of short and medium maturity gilts – more than £4bn less than the £62.5bn it issued last year....
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.