The introduction of funding level triggers will become standard practice for pension schemes as part of de-risking strategies, Aon Hewitt says.
The consultant estimates that about 10% of schemes, across all sizes, have put them in place, mainly in the past two to three years. Principal and actuary Paul McGlone said: “We expect the prevalence...
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.