The latest publication from the Office for National Statistics (ONS) shows private sector pensions coverage at only 2.9m, the lowest since 1953.
The latest Pension Trends Reports looked at private sector scheme membership, contribution levels and private pensions. Overall, occupational pension coverage was 8.2m in 2011, down 900,000 from 2006....
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.