Company schemes face fivefold rise in levies; Michelin to close pension scheme; Hedge fund survey reveals lower gearing; Hargreaves Lansdown float could raise £178m
Company schemes face fivefold rise in levies The Telegraph (pg B8) Some schemes will pay five times as much in levies to the Pension Protection Fund as last year according to Watson Wyatt. Michelin...
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.