Efforts to improve the level of experience and competence of trustee boards must not come at the expense of diversity, politicians have warned, as dealing with groupthink remains a key concern in defined benefit pensions.

The Pensions Regulator has been asked to look at streamlining the process for providing cash equivalent transfer values, after complaints from advisers that delays in schemes providing necessary information meant members were missing out.

Refocusing the industry on the purpose of finance could deliver huge benefits to UK pensions, a new academic paper has suggested, as calls were lodged for the resurrection of collective defined contribution.

Philip Hammond has cancelled plans to increase class 4 national insurance contributions for the self-employed, creating a £2bn shortfall in the nation’s accounts between 2018 and 2022, which many fear will be plugged by changes to pension tax relief.

Increasingly complex models of unitranche loan agreements are being brought to market by managers offering direct lending products, a research paper has found, demanding careful governance from pension scheme investors.

PLSA Investment Conference 2017: More than half of professional trustees and consultants rate their clients’ decision-making capabilities as acceptable or below, as industry figures have urged a rethinking of boardroom psychology.