Income drawdown may need to be delivered collectively to account for mass market demand according to Legal & General Investment Management's head of DC solutions Emma Douglas.
Speaking at Pensions & Benefits UK Douglas agreed that while more people want to enter income drawdown, many of them would not be able to afford an adviser. "There is a lot to be said for that (a collective...
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.