Defined benefit (DB) schemes are underestimating liabilities by 1% by failing to take into account the varying rate of longevity improvements in the population, according to a ground breaking study.
The research, carried out by the National Association of Pension Funds (NAPF) and Club Vita, looked at 2.5 million living pensioners and 1 million deaths over the decade to 2010. It found that assumptions...
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.