The Pensions Regulator's (TPR) defined benefit (DB) consultation on setting a balanced approach for pension funding has been largely welcomed by the industry.
PwC partner Paul Kitson said the proposals were a step in the right direction and that the joined-up approach to investment, covenant and funding would help schemes to set more appropriate and long-term...
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.