The Treasury has confirmed it will protect long-serving final salary scheme members after it increased the factor used for valuing benefits against the annual allowance from 10 to 16.
Currently, for final salary pension schemes, any increase in benefits over the course of the year is currently compared with the annual allowance by multiplying it by a factor of 10. However the government...
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.