Firms have just four months to take action to limit the impact of revisions to accounting standard IAS19, Aon Hewitt says.
The consultant said changes to IAS 19 – which come into force in January next year – mean that companies will no longer be able to record a profit on the expected return on their pension scheme investments....
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.