Resolution has cancelled an intended £250m payout to shareholders after reconsidering the expected capital requirements of Friends Life.
The group had intended the make the payout in the first half of 2012. It made a similar return to shareholders in 2011. But it now said it would be inappropriate to make another payout following "careful...
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.