UK - The pensions ombudsman's office is getting another eight members of staff taking the complement to 35.
The DWP agreed to the increase three months after David Laverick’s annual report, which made it clear his office was unable to cope with the current workload.
Sources close to the ombudsman’s office had told IPN’s sister publication, Professional Pensions, that Laverick’s request was initially turned down. But it is understood that the DWP reversed this decision after further campaigning by the ombudsman and the Association of Pensions Lawyers.
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.