UK - Insurance broking group Bradstock has been forced into liquidation.
The group – which managed to avoid going into administration last year after a deal with trustees to plug its £14m scheme deficit – has collapsed because it cannot find affordable professional indemnity insurance.
Ernst & Young has been appointed as liquidators.
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.