The British Arab Commercial Bank pension scheme trustees have entered the first whole-of-market medically underwritten buy-in with Partnership.
JLT Employee Benefits (JLT) advised the trustees of the £60m defined benefit (DB) scheme in the deal with Partnership. Rather than selecting one insurer upfront, as with previous deals, JLT EB designed...
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.