More than a fifth of over-55s have opted out of auto-enrolment (AE), Now Pensions' customer data has suggested.
Nearly a quarter (22%) of over-55s have opted out of the master trust, a rate almost three times higher than for under-55s (8%). For someone earning the average wage of £27,000, this means they lose...
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.