AEA Technology has suspended contributions to its defined benefit scheme as it seeks an emergency restructuring after being "overwhelmed" by its growing pension liability.
The environmental consultant saw its share price collapse last month when it announced it was unlikely to find a buyer because of the deficit, mounting bank debts and falling profits (PP Online 19 July)....
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.