Coverage of corporate defined contribution plans is not growing fast enough to fill the gap left by the continuing closure of defined benefit, Trades Union Congress analysis reveals.
The union body - which is holding its annual congress in Liverpool this week - said the analysis of official pensions statistics showed there was a drop in the proportion of the private sector working...
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.