The NCR pension plan has entered into a £670m buy-in with Pension Insurance Corporation (PIC) covering 5,400 members of the consumer transaction tech firm's subsidiaries in the UK.
The plan's chair of trustees Stephen Swinbank said advisers Towers Watson and Reed Smith led the process and carried out a full tender process to select the most appropriate insurer. NCR vice president...
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.