AMEC has seen its pension surplus halve as a falling discount contributed to actuarial losses of £71m for its UK scheme.
The engineering consultant revealed in its final results for the year, published today, that the surplus had dropped from £63m to £32m on an accounting basis over 2011. The firm said the actuarial losses...
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.