Almost a third (30%) of pension professionals support employers having more power to renegotiate benefits or reduce accrued rights, research from the Pensions Management Institute (PMI) has shown.
Of those, over two-thirds (77%) said it should be allowed to keep stressed defined benefit (DB) schemes out of the Pension Protection Fund (PPF), while 88% agreed if a funding level fell below a pre-determined...
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.