Public sector workers should be switched to defined contribution pension schemes to stop the growing "pensions apartheid", Hargreaves Lansdown says.
Research from the financial adviser suggests an independent "Turner 2" commission is needed to depoliticise reform of public sector pensions Hargreaves Lansdown head of pensions research Tom McPhail 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.