The Universities Superannuation Scheme (USS) has warned that it faces a difficult investing environment, despite increasing its funding ratio from 77% to 85% over the year to March.
The scheme - the largest in the UK - is still facing a shortfall of £7.2bn, down from £11.5bn in March 2013. Chairman Sir Martin Harris attributed the stubborn deficit to extremely low government bond...
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.