FTSE350 pension schemes have seen their deficits drop to £13bn from £50bn in December 2006 with an aggregate funding level of 97pc, research by Mercer shows.
Mercer's Quarterly FTSE350 Pensions Deficit Survey also found the current FTSE100 funding level is 98pc, with a corresponding aggregate deficit of £9bn, despite extreme market volatility over the second...
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.