THE Bank of England is to review its pension scheme after a £150m surplus turned into a £299m shortfall in three years.
The Bank blamed the turnaround on increases to life expectancy, falling gilt yields and a change in valuation methods. The scheme – which invests heavily in equities (52.3pc) and bonds (39.3pc) as well...
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.