UK - The gap between the richest and poorest pensioners has widened "significantly" since New Labour came to power, according to shadow minister for work and pensions, Oliver Heald MP.
He said: “Tony Blair’s failure to appoint a minister for pensions since Ian McCartney was made Labour chairman more than six weeks ago shows that Britain’s pensioners come a poor second to internal party matters under Labour.”
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.