The National Association of Pension Funds (NAPF) has appointed Frank Johnson as chair of its defined benefit (DB) council, and Richard Butcher as chair of its defined contribution (DC) council.
They will assume their responsibilities for a three-year term after the trade body's annual general meeting in October. Johnson most recently oversaw the investment business streams of RPMI and RPMI...
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.