The National Association of Pension Funds fears the Pension Protection Fund's proposed levy approach will penalise schemes for holding equities and reward them for holding gilts.
The trade body said in its response to the PPF's consultation on a new levy framework - which closed late last year - including investment risk in the calculation would add to the regulatory incentives...
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.