Employment relations minister Jo Swinson has praised employers for introducing enhanced parental packages and pledged to work alongside trade unions to increase shared parental leave take-up.
Responding to figures produced by the Trades Union Congress (TUC) that 40% of fathers are excluded from shared parental leave; Swinson noted that this legislation was hopefully the start of a culture shift....
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.