The Pension Protection Fund (PPF) has helped block the sale of a packaging firm after a potential buyer initiated plans to drop its pension scheme obligations.
According to Sky News, trustees of the scheme at Pulse Flexible Packaging stopped an unnamed buyer from taking over the company at the beginning of April. Administrators KPMG had to be called in after...
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.