Trustees have been urged to halt moves towards passive equity funds and reconsider the benefits of active investing, Hewitt Associates says.
The investment consultant said there was a "rising demand" among schemes for passive investment options. But it warned moving to such passive management could give away a considerable amount of upside...
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.