UK - Six people charged with conspiring to steal £2.9m from the Cheney Pension Scheme are to stand trial at Birmingham Crown Court on September 22.
The defendants have been named as Trevor Farrell, Adrienne Morris, Cassius Powell, Altaf Sayed, Ian Selby and Kevin Sykes.
The Pensions Compensation Board has found the Cheney Pension scheme to have had 94% of its £3.1m fund removed through “improper” circumstances.
It has so far given £230,000 to the trustees of the scheme for the payment of members’ pensions.
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.