The UK's 350 largest listed companies are becoming increasingly unlikely to be able to meet their pension obligations, PwC research has suggested.
Although the FTSE has benefitted from the weaker sterling over the past 12 months, the companies' ability to pay their defined benefit (DB) liabilities has fallen to its lowest level since the recession....
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.