Coca-Cola HBC, Whitbread and GKN are among the ten FTSE 100 pension schemes with the worst funding levels, according to a report.
The research from JLT Employee Benefits showed the funding levels of Coca-Cola and Whitbread were both 73%, while GKN was just 67% funded with a deficit of almost £1.3bn. Packing and paper group Mondi...
The High Court has blocked the £12bn transfer of Prudential's annuity book to Rothesay Life, citing the insurer's lack of "established reputation" and capital backing.
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.