The government's free Pension Tracing Service (PTS) will triple its staff number to 49 after experiencing an upsurge in demand last year.
It saw total contacts rise by a third to 144,169 in 2014 with 87% of cases resolved, compared to 93,975 enquiries and a success rate of 88% in 2013. Announced by the Department for Work and Pensions...
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.