Coverage of the growth of the Universities Superannuation Scheme (USS) deficit is 'scaremongering', former pensions minister Baroness Ros Altmann has told the House of Lords.
The scheme, which posted a 20.1% surge in assets under management from March 2016 to March 2017, recorded a £12.6bn actuarial deficit at the end of March 2017. The deficit was 138% larger than it had...
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.