Inchcape has wound up the TKM Group scheme through a buyout with Aviva that covers £300m of pension liabilities.
The deal, which was completed within two months of the initial conversation, involves Aviva assuming responsibility for paying pensions to over 3,000 retired members and 1,700 deferred members. The...
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.