Scottish Widows has announced it will remove all exit fees across its workplace pensions.
The firm said the removal will allow customers to switch to another product or provider without incurring a charge. The fees are largely associated with products sold before 2001. They reflect expenses...
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.