Over two-thirds of defined contribution (DC) schemes admit they do not comply with all of The Pensions Regulator's (TPR) six principles for good workplace DC, despite high awareness.
In its latest scheme governance survey the regulator found 76% of schemes were aware of the principles but only 31% said their scheme currently complied with them all, 18 months after the principles were...
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.