Even with the implementation of a sound and wise code of practice, there is a danger that offers of enhanced transfer values by defined benefit pension schemes to their members are a thing of the past.
Conventional wisdom had it – at least as far as Whitehall was concerned – that any transfer from a DB scheme is a bad thing. This has never been true, as many single people in ill health and members of...
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.