Royal London Group lost £2m in the first half of 2010, compared with an £18m profit last year.
The IFRS loss before tax was due to investment returns dropping significantly below expectations, the mutual life company reports. IFRS loss after tax was £31m. Operating profit on an EEV basis advanced...
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.