Centrica has set up an £84m funding structure backed by loans to other companies in the group in a bid to plug its defined benefit deficit.
In its final results, published today, the energy supplier said the Scottish Limited Partnership would provide and income of £22m a year to its schemes over the next four years. The partnership is part...
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.