The total FTSE350 pension deficit has ballooned from £163bn to £182bn in the first three months of the year, Hymans Robertson says.
The consultant said the worsening deficit was a result of falling asset values and longer term inflation concerns, offset by rising yields. It added the pension scheme will now "be a source of considerable...
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.