A shortage of AA corporate bonds is leading to inconsistencies in the way FTSE350 companies calculate defined benefit (DB) deficits, Hymans Robertson says.
The firm said the lack of AA corporate bonds is the cause as the yield forms the discount rate used to calculate liabilities under the IAS19 accounting standard. Since the financial crises, a raft of...
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.