GKN Group is considering issuing corporate bonds to plug the gap in its defined benefit (DB) schemes, according to reports.
The Sunday Times said this was in response to the engineering firm seeing a 30% surge in the deficit of its DB schemes globally over 2016. The paper said the company is hoping the bonds will raise £250m,...
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.