Scheme trustees must assess sponsor's covenants regularly in a bid to understand funding risks, Standard & Poor's Pension Services says.
The firm said that while many trustees were getting to grips with assessing their sponsor’s covenant they needed to realise that these assessments needed to be upgraded frequently. S&P head of pension...
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.