HSBC INVESTMENTS has made 15 funds from external providers available within its UK bundled defined contribution proposition.
The pension provider said it would now offer core and higher return funds from external providers such as BlackRock, JP Morgan, Baillie Gifford, Newton and M&G. HSBC Investments UK head of DC services...
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.