The Pension Protection Fund (PPF) is in talks with British Home Stores (BHS) over transferring its 20,000 pensioners into the rescue agency.
The Financial Times reported that officials were asking Sir Philip Green who sold the retailer last year to contribute to the defined benefit pension scheme which has a deficit of more than £200m. News...
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.