The Accounting Standards Board admits there is no consensus over how salary increases should be reflected in pension scheme liabilities.
The ASB is looking at whether FRS17 is the most suitable way to account for pensions in company accounts and whether it should become more transparent and disclose information such as mortality assumptions....
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.