Plummeting bond yields have contributed to a £70bn increase in FTSE350 liabilities since the end of last year and a £20bn increase in deficits, Towers Watson warns.
The consultant said corporate bond yields - which are used to calculate scheme liabilities - had dropped sharply, with the iBoxx 15 year index falling to a record low of 3.54% yesterday. Towers Watson...
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.