The European Court has rejected the BT Pension Scheme's attempt to have its partial exemption from paying the Pension Protection Fund (PPF) levy restored.
Trustees of the £41bn scheme had challenged the conclusion of an investigation by the European Commission (EC) that had found the exemption to be illegal under state aid rules (PP Online, 11 February 2009)....
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.