CITIGROUP has established a European insurance and pension structured solutions group - a venture across its fixed income, equities and banking divisions.
The London-based team will provide tailor-made solutions for both corporate pension funds and insurance companies using its skills in capital raising, derivatives structured products and structured finance,...
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.