There is an emerging case for pension schemes not having lay trustees at all, trustee champion Brian Holden says.
Holden (pictured) said pension funds would be better off paying for professional trustees - who can devote more time to scheme business - rather than handing out money to lay trustees. He said it would...
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.