Three defined contribution schemes have received the NAPF's Pension Quality Mark PLUS award for providing "outstanding" defined contribution schemes to their employees.
Representatives from Lloyds Banking Group, the British Medical Association and Lilly SIPP collected the gongs from pensions minister Steve Webb. He said: "Workplace pension saving is one of the best...
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.