Pension Insurance Corporation (PIC) has secured £300m of new capital to grow its business by targeting multi-billion pound buy-ins and buyouts.
The insurer said the extra capital, raised through a subordinated bond issue, would increase the security of policy holders, as well as enabling it to go after more deals. It has written approximately...
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.