The Department for Work and Pensions has published a consultation on proposed amendments to auto-enrolment legislation that will allow employers to use career average arrangements as qualifying schemes.
In Automatic enrolment: Career Average schemes as Qualifying Schemes¸ the DWP proposes to amend regulation 36 of the Occupational and Personal Pension Schemes (Automatic) Regulations 2010 to give more...
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.