The Universities Superannuation Scheme has announced its deficit has increased from £2.9bn to £9.8bn over the past year due to historically low gilt yields.
In its latest annual funding statement, the USS said that since its triennial valuation in March 2011, the funding level of the scheme has decreased from 92% to 77%. This was due to a 24% in liabilities,...
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.