UK - Car manufacturer Nissan will give its UK employees a choice of pension provision from September. Staff choosing to stay in the final salary scheme will be able to retain current benefits by paying a slightly higher contribution rate or maintain contributions and accept a change in accrual rate.
Alternatively, employees can join a new DC scheme from August 1.
PwC, KPMG, EY and Deloitte must break up their consultancy and audit businesses into distinct firms to provide greater focus on the "most challenging and objective audits", the competition watchdog has said.
The Department for Work and Pensions (DWP) has released its first batch of guidance setting out how the guaranteed minimum pension (GMP) conversion legislation may be used to resolve unequal payments.
This week's top stories include the government spending £800,000 on a Gogglebox advert and MPs writing to The Pensions Regulator about its engagement with the Railways Pension Scheme.