The Pensions Bill could remove the need for formal section 143 Pension Protection Fund valuations, a consultant says.
Barnett Waddingham partner Robert Hawkes said the proposed changes in section 17 of the Bill were sensible because the PPF already has approximate valuations for its levy calculations with section 179...
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.