The golden age of pensions is over and millions will be left with "measly" retirement pots from a "significantly flawed" private sector system.
So said the new National Association of Pension Funds chairman Mark Hyde Harrison in his inaugural speech at the trade body’s annual conference last week. Hyde Harrison said the structure of defined...
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.