The Pensions Regulator (TPR) needs to be “strong, decisive and influential”, its chief executive Lesley Titcomb has said.
She also said the watchdog is reviewing how it could use little-used powers, such as issuing a modification order so defined benefit (DB) members could receive compensation from the Pension Protection...
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.