Greater Manchester Pension Fund will increase employer contributions by 1.4 percentage points after its funding level dropped from 100% to 96.4% following its triennial valuation.
The £10.4bn fund - the biggest English fund in the LGPS - saw an estimated 3.6 percentage point fall in funding levels because financial market returns had been less than actuary expectations, it said....
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.