The former owners of Bernard Matthews have been criticised for rejecting a takeover deal which would have stopped its defined benefit (DB) scheme from entering the Pension Protection Fund (PPF).
Rutland Partners, who sold the company to Boparan Private Office (BPO) for £87.5m in September last year, rejected a full takeover offer, which would have seen BPO take on the full liabilities of the DB...
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.