UK - Two voluntary groups dedicated to raising the standard of pension schemes have announced they are to join together to maximise their impact and effectiveness.
John Reeve, chairman, RSPA, said: "[We] have very similar aims but so far we have engaged different audiences. By working together we can make sure that our efforts reach the biggest possible audience and we make the biggest possible improvement across the industry."
The RSTE is currently working on projects to improve communication between trustees and advisers, improving trustee training and making information freely available online.
It recently launched an industry-wide survey to create a benchmark view of scheme members' experiences of administration service providers.
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.