Higher long-term inflation expectations added £5bn to defined benefit scheme deficits in August, according to Mercer.
The consultant's Pensions Risk Survey shows FTSE350 deficits increased to £63bn by the end of August, up from £61bn in July. The increase was largely due a marginal increase in the market's expectation...
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.