The way the Pensions Protection Fund (PPF) and The Pensions Regulator (TPR) deal with defined benefit (DB) schemes under stress does not help pensioners MPs have heard.
The former finance consultant of British Home Stores (BHS) Michael Hitchcock made the point giving evidence to a joint session of the Work and Pensions Committee (WPC) and Business, Innovation and Skills...
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.