Schemes at Britain's biggest firms had an aggregate surplus of £15bn at the end of last year, actuaries at Deloitte estimate.
The consulting firm says the funding position of FTSE100 schemes improved by more than £55bn during 2007. Deloitte said the surplus was due to investment returns of around 3.5pc over the year, higher...
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.