Tim Jones has hit back at industry fears about the potentially "unfettered power" of the personal accounts trustee board.
In an exclusive interview with Professional Pensions, the personal accounts delivery authority chief executive said the scheme would be run like every other trust-based occupational scheme. Jones explained...
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.