One in six defined benefit schemes has been pledged a contingent asset to shore up recovery plans in a review of more than 1,800 plans by The Pensions Regulator.
Trustees of 321 ‘tranche four’ schemes equivalent to more than 17% of plans reviewed used contingent assets to improve recovery plans, with 191 of these reducing their PPF levy by having an asset in...
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.