The UK's biggest firms have pumped £13bn into their defined benefit pension schemes in the last 12 months, research shows.
Analysis of FTSE350 companies, conducted by Pension Capital Strategies, revealed total deficits had fallen to £90bn in the year to 30 June this year - a £12bn funding improvement. Key to this trend...
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.