FTSE250 IT services provider Computacenter has reached an agreement with the Communication Workers Union over scrapping the firm's dependents death in service pension benefit.
Computacenter, which employs more than 4,000 people in the UK and around 10,000 across Europe, previously offered a pension to dependents of employees who died in service and who transferred to the scheme...
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.