Aon Hewitt has joined the defined contribution (DC) master trust market, launching a service aimed initially at existing schemes with £20m or more in assets.
The consultant said service was targeted at occupational trust-based schemes that no longer wanted to deal with the burden regulatory burden, but wanted a trust-based scheme with a drawdown option. ...
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.