Schemes must be wary of migration issues following the closure of a service used for paying overseas pensions, MNPA warns.
The third-party administrator said Halifax Bank of Scotland - now part of the Lloyds Banking Group - had announced that its Transcontinental Automated Payments Service, which is used by a number of schemes...
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.