FTSE 100 employer contributions to defined contribution (DC) schemes have increased from an average of 6.4% in 2018 to 7.1% this year, according to Willis Towers Watson.
In its fourth annual FTSE 350 DC Pension Scheme Survey, the consultancy found this was the highest rate recorded so far. For FTSE 250 schemes, contributions saw a rise to 6.1% from 4.3% in the same period....
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.