Local government pension schemes are using flawed discount rates in their latest triennial valuations to "grossly understate" their liabilities, an independent consultant says.
John Ralfe, former head of corporate finance at the £2.4bn Boots Pension Fund, attacked local authority schemes for using “very misleading” discount rates to calculate liabilities and argued they should...
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.