Industry pundits have welcomed the appointment of former director general of Saga Group Ros Altmann as pensions minister, but warned she faces a tough task.
Experts said her extensive experience in the industry would be a boon, but that stepping into the shoes of her popular predecessor Steve Webb would be difficult. Altmann was confirmed as pensions minister...
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.