SCHEMES remain "hugely exposed" to movements in equity and bond markets and can only reduce volatility by investing in liability-matching assets, Aon Consulting warns.
The firm said that based on market movements in July, the total estimated deficit for the UK’s 200 largest defined benefit schemes was £41bn at the end of the month – unchanged from the end of June. ...
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.