THE PENSIONS Advisory Service has called for legislation to prevent employers pressurising workers to opt-out of the national pension savings scheme.
In its response to the White Paper, TPAS added that small employers should have a subsidy in the early years of implementation and claimed firms that continued to provide their employees with a “materially...
The High Court has blocked the £12bn transfer of Prudential's annuity book to Rothesay Life, citing the insurer's lack of "established reputation" and capital backing.
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.