Variation in gilt yields led to a £4,000 rise in the average estimated defined benefit (DB) transfer value over the course of May, Xafinity has estimated.
The consultancy's monthly tracker recorded transfer values had risen from £237,000 to £241,000 over the month. The figure is also 14% higher than at the same date last year, after market movements following...
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.