BAA Airports pension scheme has moved into surplus after receiving a £26m boost from switching indexation measures.
The airport operator's full year results, published today, revealed a surplus of £38.7m on an IAS19 basis at the end of January - up from a deficit of £43.6m 12 months earlier and £255.6m the year before....
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.