Mobius Life has been chosen as fund administrator for AB's target-date funds (TDFs) as the fund manager looks to expand opportunities for its clients.
Having launched its UK flexible TDF range in 2009, AB now manages over £1.5bn for around 2700 employers across the country. While AB already uses a number of platform providers, it wanted to gain access...
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.