The Department for Work and Pensions' (DWP) recently launched consultation on defined ambition (DA) will unquestionably encourage many corporate sponsors to continue to support their current defined benefit (DB) schemes.
Others will see the flexibility proposed as a route to reducing their costs. As benefits are made more flexible the cost of buy-out becomes more manageable. Lower premiums on offer from insurers as a result...
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.