The dominance of the "Big Four" accountancy firms has made scheme auditing an "homogenous, commoditised offering", Hermes Pensions Management claims.
The firm – which is owned by and manages the BT Pension Scheme – has called for greater choice in the audit market controlled by PricewaterhouseCoopers, Ernst and Young, KPMG and Deloitte. Hermes –...
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.