UK - Ernst & Young has set up two defined contribution schemes for staff following the decision to freeze its final salary scheme.
The defined benefit scheme last year had an FRS17 deficit of £151.7m.
Staff at the accounting giant can choose between a DC plan, which offers an age-related contribution schedule with benefits linked to salaries or one which enables members to retain an earnings link with the DB plan.
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.