A board of trustees must repay more than half a million pounds plus interest after the pensions ombudsman ruled they had breached their investment duties.
A total of 72 members of the ES Group Pension Scheme complained about investments made by the trustees between 1996 and 1998 in shares in employer companies totalling £375,500 - which proved to be worthless....
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.