Members of struggling defined benefit schemes could lose out on £150m of benefits unless the trustees take control of their investment strategy, a consultant warns.
Hewitt Associates said volatile markets had severely affected asset values, while constraints on liquidity and cashflow meant additional deficit contributions were out of the question for an increasing...
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.