Big data is changing the way many industries operate, Michael Klimes asks if it can do the same for pensions
At a glance Big data could reduce the cost of administration and deliver better member outcomes Trustees’ attitudes need to change, and data quality to improve Data protection laws could also...
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.