UK - Inadequate state pensions throughout Europe offer new business opportunities for insurers, Tillinghast-Towers Perrin predicts.
The actuarial and management consultant’s European regional manager, Richard Batty, said: “Despite the turmoil, European insurers have paid their claims and are still solvent. The industry is still alive and kicking and has a brighter outlook in 2004”.
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.