Pot follows member is a "ruse" to impose higher quality standards on schemes and enforce mergers, according to Michael Johnson.
The Centre for Policy Studies senior research fellow told delegates at the Eversheds pension conference he believes pensions minister Steve Webb has a hidden motive in opting for pot follows member. ...
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.