The £2.7bn Merchant Navy Officers Pension Fund (MNOPF) has improved its funding level to 79% after increasing its liability hedging ratio to 95% of assets.
Since its last triennial valuation in March 2012, its gilts-based funding has risen from 69% to 79% as of March 2015. By reducing the deficit it has potentially saved the shipping industry over £300m in...
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.