The Pensions Regulator (TPR) has committed itself to acting faster and more often where defined benefit (DB) schemes are underfunded or it suspects avoidance.
The regulator said it would do more "proactive casework", including improving how it identifies potential risks and the timing of its interventions, as well as setting out its expectations to trustees...
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.