The Association of British Insurers (ABI) claims the government's defined ambition (DA) project faces "formidable obstacles".
In a wide-ranging report on saving launched on 9 July to coincide with the ABI's biennial conference the association pointed out what it believes are significant problems with DA. It said: "While such...
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.