AN amendment to the Pensions Bill allowing risk-sharing schemes is the government's "last chance" to boost workplace pensions, the Association of Consulting Actuaries says.
The amendment – which would alter the law to allow employers to offer conditionally indexed pension schemes – will be debated when the Bill reaches the House of Lords. ACA chairman Keith Barton 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.