CONFLICTS of interest on trustee boards could rise as directors look to cut funding levels in the wake of the global downturn, Trustee GAAPS claims.
The trustee search and selection firm said trustees need to be on their guard against directors taking "a short-term view" by cutting funding levels because, although many schemes are currently in surplus,...
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.