Union bosses have branded executive managers at an exam board "hypocrites" for axing defined benefit pensions for staff but retaining them for senior management.
Unite said the decision by the Assessment and Qualifications Alliance executive board to move 433 of its staff from the AQA defined benefit pension scheme to a defined contribution arrangement had left...
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.