UK - Independent Trustee Services has slammed government plans to delay the implementation of revised priority orders on wind-up until 2005.
ITS says the delay will create more uncertainty and may mean even more scheme members will suffer losses from an unjust set of regulations.
It called on the government to introduce revised priority orders to allow the fairer sharing of pension scheme funds on wind-up.
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.