EUROPE - In the next step in the 42-part Financial Services Action Plan (FSAP), the European Commission is considering enlisting the expertise of the investment community in a consultation process ahead of the 2005 deadline.
But even after the deadline, work on the FSAP will not cease. “A single market is never finished or final,” confirmed Jean-Claude Thébault, director for financial services in the internal market directorate.
Despite the deadline fast approaching, implementation of directives varies significantly across the EU.
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.