Staff at the Pensions Ombudsman were forced to choose between remaining in their jobs or moving to the Department for Work and Pensions creating an "unsettling" environment, the supervisory body's annual report reveals.
The report highlights a £145,000 underspend in the ombudsman's books largely due to lower staff costs, meaning it "did more - with less". The report shows the working environment was thrown into confusion...
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.