The news that The Pensions Trust has succeeded in reducing the Pension Protection Fund levy invoice for several of its schemes has left some scratching their heads.
Others have tried and failed to have levies based on incorrect figures recalculated – most recently the D K Moriarty scheme last month. In both cases the error lay with the scheme – some TPT schemes...
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.