GERMANY/UK - The Deutsche Postbank pension scheme achieved straight-through processing rates of over 99% according to its payment processing supplier JPMorgan Treasury Services.
This means nearly all of its daily 30,000 UK transactions are processed automatically, dispensing with the need to retype pensions data several times before it ends up in the correct format.
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.