The government has appointed Stephen Crabb to succeed Iain Duncan Smith as secretary of state for work and pensions.
It follows Duncan Smith's (pictured above) shock resignation from the cabinet last Friday over controversial cuts to disability benefits in the Budget. Previously Crabb was secretary of state for Wales...
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.