HR departments are cutting back on compliance following the introduction of tribunal fees while trade unions are becoming stronger and more militant, an employment lawyer has warned.
Speaking at Pensions and Benefits UK, Outer Temple Chambers employment barrister Daniel Barnett also noted that the government's review of tribunal fees gave the aura that it might be pre-determined. ...
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.