Fury over bid to cut pension payments by 25pc; Pension funds tied to inflation link; Pensioners forced to turn hobbies into jobs; BBC pensions dispute settled
Fury over bid to cut pension payments by 25pc Telegraph Ministers have been studying plans to allow funds to water down their own rules promising members minimum annual increases in pension payments....
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.