The Financial Reporting Council (FRC) has hit Mazars with almost £2m in fines and costs for giving bad advice to trustees of the First Quench scheme.
The accountancy watchdog said Mazars, and partner Richard Karmel, had admitted their conduct fell "significantly short of the standards reasonably to be expected". It accepted the misconduct, which...
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.