TRUSTEES must not overlook a new internal controls regime which "strikes at the heart" of running a scheme and dealing with risk, lawyers warn.
The European directive, incorporated by UK government through the Occupational Schemes Regulations 2005, requires trustees to establish and operate internal controls which ensure the fund is administered...
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.