UK - Norwich Union has launched a new pension simplification information pack to help IFAs prepare for the new Inland Revenue proposals.
‘Simplification’ helps IFAs understand how their businesses will be affected and how to ensure a smooth business transition.
Head of pension development Iain Oliver said: “The next 15 months will see a period of extensive change in the pension industry and it is our aim to help IFAs prepare for this.”
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.