PLASTIC packaging firm British Polythene Industries is discussing "reduced benefit terms" with members of its £153m defined benefit scheme.
The manufacturer, which has scheme liabilities of £197m, also revealed a £20m cash contribution has been earmarked for the fund – which closed six years ago – to be paid over the next five years. A...
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.