Local government pension funds across England and Wales lost £24bn in asset value during the past 12 months, figures from the department for communities and local government reveal.
It showed the market value of assets in English funds dropped from £120bn in March 2008 to £97.3bn in March 2009. Similarly the value of assets owned by Welsh local authorities' funds declined from...
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.