The Department for Work and Pensions (DWP) has revised down its opt-out rate estimate for auto-enrolment (AE) from 30% to 15%.
DWP said that nine million people will start saving for retirement or increase their pension contributions due to AE, compared to previous forecasts of eight million. Pensions minister Steve Webb said:...
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.