John Lewis partnership has decided to switch its final salary pension scheme into a hybrid defined benefit (DB) and defined contribution (DC) scheme.
The changes that effectively water down the company's DB benefits will come into place for new employees from this April and for existing employees from April 2016. The hybrid scheme will continue to...
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.