Newcomers pile into longevity risk market; Uncovering the true level of US and UK public pension liabilities
Newcomers pile into longevity risk market Financial Times Morgan Stanley, UBS, Legal & General and Munich Re are among entrants into the market for offloading the risks of corporate pension scheme members...
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.