Just 19 companies in the FTSE 100 provide DB benefits that incur ongoing service costs of more than 5% of total payroll, according to research by JLT Employee Benefits.
According to the report, companies are reacting to the combination of challenging economic conditions, rising pension costs and onerous pension regulations by closing pension schemes to future and even...
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.