International Accounting Standards Board chairman Hans Hoogervorst has admitted weaknesses in accounting standards allowed banks to hide losses and front-load profits in the run up to the financial crisis.
Hoogervorst told the Parliamentary Commission on Banking Standards Joint Committee that changes to the rules would mean banks would have to provide between 30% and 100% more than at present against expected...
Royal London saw its new group pension business decline over the first half of 2018 as the rollout of auto-enrolment (AE) drew to a close, according to its interim results.
Now Pensions has made "huge progress" in resolving legacy administration issues - switching systems and completing unit adjustment for a "large proportion" of members, it says.
Trustees of the Airways Pension Scheme (APS) will not make a firm decision on whether to appeal the Court of Appeal's judgment on discretionary increase payments until September.
Accountant Hashmukh Shah has pleaded guilty to deliberately providing false information to The Pensions Regulator (TPR) when stating a pension scheme had been set up for staff of a London-based restaurant.