Using statutory override to change scheme terms at the end of contracting out will be limited to offsetting employers' National Insurance bills, the government has clarified in the Pensions Bill.
The government's proposal to allow sponsors to bypass trustees to alter contribution or benefit levels met with some criticism following the publication of the white paper (PP Online, 13 March). However,...
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.