The majority of scheme managers and trustees are dissatisfied with the quality of reporting and analysis available to manage pension risk, a PensionsFirst poll reveals.
Some 68% of 135 respondents - polled at the Professional Pensions Show last year - said the reporting and analysis currently available for defined benefit schemes does not enable effective risk management...
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.