NESTLÉ has selected Xafinity Claybrook's Compendia pensions software for the administration of its UK and Irish pension schemes.
The software is a browser-based pensions administration system that can be used for both defined benefit and defined contribution schemes. Nestlé pensions system manager David Strong said: “Compendia...
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.