The Pensions Regulator will not pursue moral hazard proceedings against Chemtura to a full determinations panel hearing after the chemical company agreed to contribute £60m to its UK pension scheme.
In a section 89 report, published today, the watchdog revealed the sponsor had already paid in £30m and would contribute a further £30m over the next three years to the Great Lakes UK Limited Pension Plan...
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.