Companies with defined benefit (DB) schemes restating 2012 accounting figures to reflect IAS19R will show a reduction in pre-tax profits by around £5bn, Towers Watson warns.
The consultant said when FTSE350 firms produce 2013 accounts with the amended accounting standard, 2012 profit levels will have to be restated to allow for comparison. This will cause pre-tax profit levels...
The Brunel Pension Partnership has become the fourth local authority pool to receive the green light from the regulator.
Defined benefit (DB) schemes are to be offered a new consolidator as the former chief of the Pension Protection Fund (PPF) launches 'The Pension SuperFund'.
Martin Freeman has been hired as head of technology product and development at Smart Pension, to support the 'growing' technology product side of the business.
Tim Sharp says the government has missed some big opportunities to help workers in the DB white paper.