PATERNOSTER has seen the total value of its assets under management increase by 21pc in the three months to September 30.
The insurance company said the total value of assets transferred to the firm increased from around £336m at the end of June to £406m at the end of September. Paternoster chief executive Mark Wood said:...
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.