UK - There is "no room for error" in DC administration, DC Solutions head of business development Ian Buchan claims.
He likened the operation of DC schemes with building society accounts.
“There is a common misconception that DC administration is simple but the amount of people relying on DC scheme administration means it has a diversity of requirements.”
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.