Improved funding levels will not encourage firms to reopen final salary schemes - even with lower benefits - a survey by Professional Pensions reveals.
Three-quarters of PP’s panel of 100 top scheme managers said defined benefit schemes would not re-emerge should funding levels improve. Only 10pc of respondents believed some schemes would reopen should...
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.