The Pensions Regulator has explained why it sanctioned the restructuring of UK Coal which saw its scheme take a majority stake in part of the business in return for a £30m investment.
The regulator said the deal, agreed last year (PP Online, 10 December), was the "best available opportunity to maximise the value which can be provided by the group" to the scheme. The firm was the...
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.