EUROPE/UK - EU plans to extend temporary workers rights will cost businesses £95m in additional pay and pensions, government estimates reveal.
The Department of Trade and Industry calculated the figure after the European parliament approved a draft directive for agency workers’ rights, which will award temporary workers the same pay rights as permanent staff.
Law firm Pinsent Curtis Biddle, though, believes it is unlikely that agency workers would win pension rights.
Associate Nicola Bumpus said the European directive gives employers the option of avoiding the provision of occupational pensions to fixed-term workers.
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.