Failure to find an agreed definition of the 'value for money' concept means trustees and providers are unable to provide schemes in the best interests of all members according to the Pensions Policy Institute (PPI).
In Value for Money in Workplace DC Pensions the PPI says this lack of consensus also means it is hard to compare options within DC workplace pensions, particularly where members and employers also have...
The Co-operative Group's Somerfield Pension Scheme has completed a buy-in with Pension Insurance Corporation (PIC), insuring the benefits of its pensioner members.
Caroline Rookes CBE and Michele Hirons-Wood have joined The Pension Superfund's board of trustees to focus on maintaining governance standards and safeguarding member benefits.
The first specialist independent firm advising pension schemes on bulk annuities or moving to a consolidator has been set up with ambitions to shake up the market.