Profund is launching an automated end-to-end administration system designed to streamline pension payroll processes for defined benefit (DB), defined contribution (DC), career average revalued earnings (CARE), and hybrid schemes.
Named oPen2, it calculates benefits directly from administration benefit sources and automatically outputs all types of benefit payment extracts and HM Revenue & Custom's Real Time Interface (RTI) files....
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.