The Department for Work and Pensions should establish a permanent contact to whom the industry can send suggestions on how to reduce the regulatory burden, the Society of Pension Professionals says.
In its response to the DWP's consultation on reducing the regulatory burden on occupational pension schemes, the SPP said this contact should be responsible for ensuring all suggestions received are published...
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.