Multinational companies are looking at innovative ways to redesign defined benefit schemes but will cut contributions by 10% in the process, Mercer research finds.
The consultant's research - analysing responses from 220 multinational companies in the UK, US Germany, France, Italy and the Benelux countries - found 33% are looking to make changes to their DB scheme...
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.