Some 180,000 UK employees will be members of pension schemes secured by insurance companies by the end of the year, HSBC Actuaries & Consultants research reveals.
The consultant said up to one million members could be part of de-risked schemes by end of 2009. It said it expected the buyout market to grow to around £12bn this year – and said the size of buy-ins...
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.