The Pension Protection Fund (PPF) is cutting its allocation to cash and bonds to set up a hybrid asset portfolio that will account for 12.5% of its investments.
The lifeboat fund is making the move because of the increase in costs of clearing over-the-counter derivatives after the introduction of the European Market Infrastructure Regulation (EMIR). It said...
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.