Only 15% of pension schemes have 50% or more inflation-linked assets matching their liabilities, suggesting most are structurally underhedged, research shows.
Research among 44 actuaries working in pensions, carried out by Redington and Pension Corporation, also revealed the proportion of matching assets relative to liabilities in these schemes was between 25%...
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.