The Pensions Regulator's (TPR) position on the integration of covenant, funding and investment risk planning "has limitations", according to Towers Watson.
Senior consultant Graham McLean described TPR's Balanced Funding Outcome (BFO) as another piece of industry "jargon". He said: "BFO puts cash going into the schemes over the next few years front and...
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.