The Financial Services Authority has reduced the deficit in its defined benefit pension scheme by £7.4m in the past year.
The FSA runs two schemes: a non-contributory final salary scheme, which closed to new members in 1998 and to future accrual in 2010; and a defined contribution scheme of which managing directors Margaret...
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.