Provisions for the Local Government Pension Scheme's (LGPS) new governance structure will not be in place when the scheme goes live in April 2014, the Department for Communities and Local Government (DCLG) says.
Speaking at the National Association of Pension Funds (NAPF) Local Authority Conference, DCLG deputy director for workplace, pay and pensions Chris Megainey said it is not necessary to have the provisions...
Smaller FTSE 350 defined benefit (DB) schemes were nearly 15% 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.
More than half of people over the age of 55 see financial security as a top priority in retirement, yet a third allocate more time to buying a new car, finds Legal & General (L&G) research.
Most respondents in this week's Pensions Buzz do not think businesses should be able suspend AE contributions if in financial distress.