Middle sized pot holders could be encouraged to take financial advice by the guidance guarantee, according to pensions minister Steve Webb.
Speaking at the Pensions Reform Summit: Opportunities and Challenges, Webb outlined his ambitions for the guidance guarantee. Webb said those at the top are not very likely to use the guidance guarantee...
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.