US - Less than a quarter (23.1%) of employers have implemented automatic enrolment of employees in company defined contribution (DC) pension plans and almost two thirds (62.1%) have extended the provision for new employees only.
Just 11.5% of all employers had implemented contribution acceleration, contrasted with almost a quarter of larger employers. However, the average yearly increase to contributions was only 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.