As Chinese exchange controls are relaxed and removed over the next several years, $4.4trn (£2.85bn) of money will flow into the world economy, causing a major transformation.
A virtual tidal wave of Chinese money will be the “biggest transformation event” for world markets over the next five years, according to Charles Dumas, chairman and chief economist at Lombard Street Research....
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.