NORWEGIAN conglomerate Aker Kvaerner has signed a deal to ensure its UK pension fund will be eligible for entry into the Pension Protection Fund, if necessary.
The firm was at the centre of controversy earlier this month after The Pensions Regulator allowed TH Global – which has taken over Kvaerner’s UK arm - to sever links with the fund in return for a payment...
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.