Large-scale, collective private sector schemes should be set up in competition to NEST - allowing companies to offer DC without running their own scheme, the incoming chairman of the National Association of Pension Funds says.
In a wide ranging interview with Professional Pensions, Mark Hyde Harrison (pictured) who will become chairman of the NAPF on 21 October said he thought collective defined contribution, where risks are...
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.