British Telecom could have to pay the Pension Protection Fund £16.6m after its partial exemption from levies was declared illegal by the European Commission.
The commission's investigation into the Crown guarantee covering some of the pension liabilities of the telecommunications firm was partially unlawful under EC Treaty state aid rules. It said it did...
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.