Liabilities of defined benefit (DB) schemes have increased markedly according to the Pension Protection Fund's (PPF) 7800 Index.
The figures showed total liabilities hit £1,747bn by the end of June. This compares to £1,590.4bn in May. The funding ratio of 5,945 schemes also worsened from 81.5% to 78.0% by the end of June. ...
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.