Trustees of the Auto Windscreens Pension Scheme have secured a £30m buyout in the latest deal in a flurry of de-risking activity.
The transaction with Pension Insurance Corporation (PIC) covers 160 members of the scheme, which is a legacy arrangement, sponsored by the RAC. The announcement follows huge bulk annuity transactions...
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.