The number of schemes closed to new accruals is set to rise by 141pc over the next three years, latest research from Aon Consulting reveals.
Its survey of 115 UK firms operating defined benefit schemes found that while 27pc were currently open to both new members and accruals, only 18pc expected to be in a similar situation in 2009. The...
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.