UK - The Association of Independent Financial Advisers has attacked government plans for an annual contribution limit on savings.
It said the £200,000 maximum annual contribution – as prescribed in the Inland Revenue’s pensions tax paper – would lead to a restructuring of benefits at the top end of the market.
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.