Chancellor George Osborne has confirmed that Royal Mail Pension Plan Assets to be transferred to the Treasury will be used to pay off government debt.
The budget report confirmed that an estimated £28bn of assets would be taken on by the Government on 1 April. Osborne said: "The transfer of the £28bn of assets from the Royal Mail pension fund to the...
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.