Total UK defined benefit (DB) pension deficits shrunk slightly in October but still stand at £228bn, according to figures from JLT Employee Benefits.
The consultant's latest monthly numbers show liabilities were static over in October while asset values rose from £1.205trn to £1.226trn. This leaves funds 84% funded on an accounting basis, up from...
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.