Employee benefit consultants are failing to recommend master trusts because of a lack of financial gain for advisers, The Pensions Trust says.
Chairman Sarah Smart (pictured) has asked a number of consultants to demonstrate how they assess master trust offerings compared to single defined contribution (DC) trusts, but says she has been "ignored"....
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.