Life span figures threaten pensions; Pension proposal to make up for losses; IFAs take umbrage at Standard Life manoeuvre; Overlooked and underpaid - the problem with women's pensions; Threat to buyouts as banks stop the flow of covenant-lite credit; GMB turn on Saga chief over refusal to discuss recognition
Life span figures threaten pensions Financial Times (p1) The cost of providing pensions and annuities could soar by billions of pounds after the actuarial profession and its regulator warned that life...
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.