LV= has reported a 36% profit drop in its life and pensions business as a result of lower margins since changes to the annuity market were announced in the Budget.
Underlying operating profit fell to £7m in the first half of the year from £11m in H1 2013, according to the firm's half yearly results, published today. The business also made an operating loss of...
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.