The Daily Mail and General Trust pension scheme is setting up its first in-house de-risking group - the Triggered Asset Switch Committee - in a bid to make speedier investment decisions and improve its funding ratio.
It will be made up of three members and have the power to make investment decisions within two days of funding triggers being hit, to take advantage of daily market price movements. The TASC, the brainchild...
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.