HEWITT ASSOCIATES has hired David Crum to strengthen its public sector investment consulting team.
Crum joins the consulting firm from the £9.5bn Strathclyde Pension Fund where he was chief pension officer for investment. Prior to this, Crum spent eight years at the Lothian Pension Fund in various...
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.