It should be possible to pay 85%-90% of the estimated £3.3trn of promised benefits if schemes have the right risk management and investment strategies in place, according to Redington.
A report authored by Redington's Dan Mikulskis and Alex White, and University of Kent professor of actuarial science Paul Sweeting, sets out how choosing the right investment strategy at the right time...
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.