Greggs has cut more than £15m from its defined benefit scheme after switching from Retail Prices Index-linking to Consumer Prices Index-linking.
The baker's interim results, published today, show the move resulted in an exceptional credit of £9.7m in the first six months of 2011. This helped shrink the scheme's deficit to £866,000 - down from...
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.