Flexible benefits have hit pension provision and money-purchase scheme members are losing out because trustees spend too much time on governance, Oval Financial Services claims.
The downgrading of pension provision as part of a benefits package was an unwelcome trend, Oval head of employee benefits Chris Metz said. And he warned increased regulation and targets for trustees...
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.