Deficits of defined benefit (DB) pension schemes have worsened year on year as a result of critically low bond yields, according to JLT Employee Benefits' monthly index.
The collective deficit of the FTSE 100 companies increased to £72bn up to 30 November from £65bn last year. This meant funding levels dropped to 88% from 89%. Liabilities rose from £567bn to £613bn, while...
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.