UK - JARDINE Lloyd Thompson Administration Solutions has been appointed to run Big Food Group's two pension schemes.
The BFG pension schemes cover around 25,000 staff working for Iceland Foods, Booker Cash & Carry, Woodward Foodservice and Expert.
Group finance director Bill Hoskins said: “Our objective was to consolidate our administration from three separate providers into a single, high-quality third-party administration specialist.”
This week's top stories included Legal & General acquiring MyFutureNow to provide a dashboard service to customers, while also agreeing a hybrid buy-in with a Hitachi scheme.
NEST has signed up to the government-backed Star Initiative, taking all of its 8 million members' pension pots with it.
It is perhaps inherently difficult to find an agreed definition of value for money, but some methodologies could act as a stopgap, argues Jonathan Stapleton.