Engineering firm Costain has seen the benefits of its incentive exercises wiped out as its deficit remained relatively unchanged, its final results show.
The company conducted an enhanced transfer value and a pension increase exchange in 2012 and announced in its half year report that it shaved £35m off liabilities (PP Online, 23 Aug). Combined with...
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.