A recent report says a more confident approach from trustees could result in real innovative thinking. Helen Morrissey is inclined to agree.
Recent years have been characterised by a real focus on improving scheme governance. To be fair we have seen a lot of success in this area with the introduction of charge caps and investment governance...
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.