Prudential boosted its corporate pensions sales by £78m in the first quarter, driven by a 154% increase in sales to new members of existing private sector clients.
The figures, published today in the firm's interim management statement, show a 30% improvement on Q1 2010. Director of communications Steve Colton said the firm was focused primarily on securing new...
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.