Most employees expect to delay their retirement as a result of the recession, Aon Consulting research reveals.
The consultant's survey of more than 4000 workers showed that 64% believe the recession will delay their retirement plans and 19% envisage having to work between six and nine years longer. It said the...
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.