Ibstock Pension Scheme must pay the additional £140,000 Pension Protection Fund (PPF) levy it received after submitting erroneous data in 2011, says the PPF Ombudsman.
Last year, Ombudsman Tony King ruled the PPF must reassess the "windfall" levy, which was issued following a mistake in Ibstock's deficit recovery certificate (DRC) for the year (PP Online, 22 February...
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.