Defined benefit scheme sponsors will use the move into surplus to remove risk and are actively trying to hedge longevity exposure, Aon Consulting claims.
But principal and actuary Paul McGlone said sponsors faced increased conflict with trustees and rising expense. McGlone – speaking at Aon’s briefing on pensions from a corporate point of view – said:...
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.