The National Employment Savings Trust (NEST) has conceded it has little chance of recovering most of the £1.4m it lost due to fraud in 2012/13.
The scam, described as a mandate fraud, involved the diversion of a supplier payment from the scheme's trustee body, NEST Corporation (PP Online, 13 July 2013). In its annual report and accounts for...
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.