The Royal Mail is planning to cap pensionable pay increases for members of its pension plan as costs escalate and privatisation looms, despite a liability transfer to the government.
The Royal Mail Pension Plan (RMPP), which supports staff for the Royal Mail and the Post Office, is currently in surplus after transferring majority of its scheme assets and liabilities to HM Treasury...
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.