PwC has launched an off-shore longevity swap vehicle intended to reduce the cost of longevity swaps for schemes as small as £250m.
The service uses a Guernsey-based incorporated cell company (ICC) set up by Artex Risk Solutions, called Iccaria, to pass longevity risk onto the reinsurance market. Under the fully collateralised structure...
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.