Baroness Altmann has said the government is handing the pension industry "millions of customers on a plate" through auto-enrolment, but warned it was not about to raise minimum contribution rates.
Speaking at a conference organised by the International Longevity Centre-UK, the pensions minister said it was up to providers to make sure auto-enrolled savers stayed in schemes and increased contributions....
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.