The trustees of the East of England Co-operative Society's two defined benefit pension schemes - worth a total of £78m - have appointed SEI to provide an integrated fiduciary management strategy.
The trustees of co-operative's Ipswich & Norwich and also their Colchester & East Essex schemes said they will team-up with SEI to implement a strategy focused on improving the funding status of the pension...
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.