Universities Superannuation Scheme trustees have rejected plans to cap inflationary increases for members' benefits and force people who re-join the fund to switch to career average.
The 12-member USS board backtracked on their decision to approve the plans and said they would consider modifying proposals after receiving a deluge of responses from a statutory consultation on the changes....
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.