UK - The Financial Services Authority has adjusted the rates of return used for calculating pension transfer losses, redresses and opt-outs for the Pensions Review.
The changes mean that benefits linked to the retail price index will be revised downwards, while those linked to the limited price index will stay the same.
Details are available at www.fsa.gov.uk.
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.
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