Deputy Prime Minister Nick Clegg has revealed the government will consider allowing parents and grandparents to use the value of their pensions to help their children buy houses.
A Liberal Democrat spokesperson confirmed the proposals do not include allowing parents access to their pension cash before the age of 55, a scheme that was rejected by the Treasury last year (PP Online...
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.