The Department for Culture, Media and Sport (DCMS) has confirmed Openreach employees in the BT Pension Scheme (BTPS) will have their pensions underwritten by the government.
Following Openreach's legal separation from BT, members of the final salary scheme will have their funds protected by a Crown Guarantee, which means the government will fund their pensions in the unlikely...
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.