Local government secretary Eric Pickles has vowed to ban the practice of public sector staff retiring with large pension pots then returning to work on new deals.
Last week, the Department for Communities and Local Government (DCLG) launched its guidance Openness and accountability in local pay, which sets a cap on public sector pay at £100,000. Any pay above...
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.