The aggregate deficit of the 7800 defined benefit schemes monitored by the Pension Protection Fund increased for the fourth consecutive month in February.
The deficit widened to £97.5bn – the highest deficit since June 2003 – from £80.8bn in January and £68.6bn at the end of February last year. The total deficit of schemes in deficit is estimated to have...
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.