Trustees must be "extra careful" about how much they pay for longevity swaps, Trustee GAAPS says.
The trustee search and selection firm said trustees would also have to be cautious about the covenant strength of the counterparty to any swap. The warning comes just days after Babcock International...
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.