Round-up - December 19
Survey reveals 99pc of funds have deficit; BT to pay £840m to help plug pension scheme deficit; FSA starts study into year's top takeovers
Survey reveals 99pc of funds have deficit The Telegraph (pg B1) TPR said yesterday that 99pc of final salary schemes had insufficient assets to meet their liabilities on the strictest test of solvency....
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Court blocks £12bn annuity transfer from Prudential to Rothesay Life
The High Court has blocked the £12bn transfer of Prudential's annuity book to Rothesay Life, citing the insurer's lack of "established reputation" and capital backing.
Five stories you may have missed this week
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 joins Star Initiative as Opperman urges other to follow suit
NEST has signed up to the government-backed Star Initiative, taking all of its 8 million members' pension pots with it.
What is value for money in DC pensions?
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.