The Universities Superannuation Scheme has been criticised for awarding its chief executive a £50,000 bonus at the same time it closes its final salary scheme.
The scheme's chief executive Tom Merchant received the bonus as a "recognition award" taking the total salary to £311,000 a year, up from £250,000 in April 2010, according to USS directors report obtained...
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.