On 5 November it will be twenty years since Robert Maxwell died after falling overboard from his yacht in 1991 and it was discovered £450m of investments were missing from the pension funds of his companies.
TPAT chairman Alan Herbert believes it is crucial the industry does not forget those events. He says: “It is important to remind the current generation of pension professionals and trustees of the event...
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.