One in five local government schemes operate with negative cash flows and future contribution reductions could push that figure to half, PP can reveal.
Statistics obtained from Hymans Robertson show about 18% of LGPS funds currently pay out more in benefits than they receive in contributions. Many funds also expect their employee membership to reduce...
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.