BAA Pension Trust - the trustee of the BAA Pension Scheme - has appointed Xafinity Paymaster to provide third party administration services for their DB pension scheme covering over 20,000 members.
Until now, British Airports Authority, the company that operates six major UK airports, has administered the pension scheme in-house. A unspecified number of BAA staff will transfer to Xafinity Paymaster...
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.