The Pensions Regulator has urged trustees and employers to "work in a collaborative and transparent way" on scheme funding in its latest defined benefit code of practice.
The code, which was laid before parliament today, addresses the watchdog's new obligation to consider the impact of scheme funding on a sponsor's plans for sustainable business growth. It sets out nine...
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.