Confidence in defined contribution pensions has fallen so low that the majority of workers would choose an inferior financial reward over a 10% boost to their employer contribution, says Hymans Robertson.
Research from the firm found that just 42% of employees would go for the extra contribution, while more than a fifth would prefer annual contributions of 7.5% to another savings vehicle. Just fewer than...
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.