Trustees of the HMV Group Pension Scheme have agreed to a scheme apportionment arrangement, paving the way for the troubled retailer to complete the £53m sale of Waterstone's.
Under the deal, the bookseller will be sold to A&NN Capital Fund Management free from pension liabilities, in return for its current parent company signing up to a contributions schedule and giving additional...
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.