Ed Miliband has urged the government to introduce a consumer watchdog to stop "predatory" companies and pension providers from taking advantage of consumers through excessive charges.
The Labour leader (pictured) called on the coalition to take on Britain's "rip-off consumer culture" by demanding pension providers set out their charging structure and face a cap if fees do not fall....
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.