UK - Accountants and auditors KPMG is been investigated by the accountancy regulator over its role as auditor to the failed insurer Independent Insurance.
KPMG fully denies negligence and said: “The fact is surrounding the collapse of Independent Insurance are very complex with clear evidence that information was withheld from both ourselves, advisers, the board and the regulators.
“KPMG is cooperating fully with the liquidators and the regulators in their investigation.”
The firm faces questions on how it allegedly failed to spot £700m in the independent’s books before the insurer went into liquidation.
The Pensions Regulator (TPR) and Labour MP Stephen Kinnock and will listen to the experiences of steelworkers when transferring their pensions away from the British Steel Pension Scheme (BSPS) next week in Port Talbot.
Just Group has acquired a 75% stake in the holding company of Corinthian Pension Consulting in a bid to strengthen its professional defined benefit (DB) advisory services.
The Pensions Regulator (TPR) has exercised its production order power under the Proceeds of Crime Act 2002 for the very first time as part of a fraud investigation.
The ITN Limited Pension Scheme has named Trafalgar House as its administrator for an initial term of five years.