Basel III is encouraging financial services companies to consider defined benefit (DB) scheme buyouts and buy-ins to move liabilities off their balance sheets, experts say.
LCP partner Ken Hardman explained how stricter regulation under the reforms means finance firms must have greater capital buffers against high risk assets in their pension funds. "What this is doing...
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.