One in five women fail to put any monthly income aside for retirement, which is twice the number of men, according to research from TD Direct Investing.
The TD Investor Confidence survey found that just one in ten men were not saving any monthly income for later life. Chief executive officer Stuart Welch said: "Pensions are not being utilised to their...
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.