The balance of schemes monitored by the Pension Protection Fund has fallen from a surplus of £2.3bn to a deficit of £13.5bn since the end of April, figures show.
The PPF 7800 index of 6,553 defined benefit schemes revealed the £15.8bn drop. The funding ratio for the index, which monitors total assets as a percentage of section 179 liabilities for all the schemes,...
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.