National Association of Pension Funds chairman Mark Hyde Harrison has warned the European Commission that imposing Solvency II on pension funds could shut off the economic recovery.
In a speech in Brussels today, Hyde Harrison argued that Solvency II would stop pension funds from investing in the wider economy. He said: "Our concern is that the inevitable result would be corporate...
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.