Financial Reporting Council (FRC) chairman Sir Winfried Bischoff has raised concern that pension schemes fail to properly check whether their asset managers adhere to the UK Stewardship Code.
Speaking at the National Association of Pension Funds (NAPF) responsible owners seminar yesterday, Bischoff revealed that some managers were signing up to the code to get on investors' shortlists but failed...
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.