FAVOURABLE INVESTMENT markets have reduced pension fund deficits of the UK's largest listed companies to their second lowest level in the last four years, latest research by Watson Wyatt reveals.
The actuarial consulting firm said that the combination of rising share markets and rising bond yields had reduced the pension deficits of FTSE 100 companies on the IAS19/FRS17 accounting basis from £50bn...
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.