BAE Systems, Airbus and the trustees are creating a separate Airbus section of the BAE Systems Pension Scheme in order to give a better estimate of the deficit allocation.
All parties agreed last December to work towards this move which will involve the allocation of the scheme deficit to the BAE Systems and Airbus sections based on each member's last employer, according...
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.