Pension schemes could be forced to pay a levy if proposals are adopted to radically change the funding of the European Insurance and Occupational Pensions Authority (EIOPA).
The proposals are laid out in the European Commission's Report on the operation of the European Supervisory Authorities (ESAs) and the European System of Financial Supervision published on 8 August. ...
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.