Cookson is to offer deferred members of its defined benefit scheme an enhanced transfer value to leave the scheme to cut its future liabilities.
The materials science company also said it would switch to using the Consumer Prices Index to value the benefits of the scheme's remaining members. The offer was revealed in the company's half yearly...
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.