Surrey County Council is expecting participation in its salary sacrifice car scheme to double the initial target.
The council has also seen employee spend through its portal double in just one year - a trend which means the authority expects to save a total of £3.6m by 2019. In 2014 staff spent £3.9m on benefits...
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.