Defined benefit (DB) schemes saw a £20bn reprieve on their deficits over the course of March, PwC's SkyVal index shows.
The financial services firm found that, on the funding measure used to calculate cash contributions from sponsoring employers, the estimated deficit of private sector schemes sat at £500bn, down from £520bn...
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.