UK - Councils are split over implementing changes that allow councillors access to the Local Government Pension Scheme.
The government amended the Local Government Act 2000 to give councillors access to the LGPS – subject to constituency approval – after a sustained campaign by local authority pension schemes and senior councillors.
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.