An individual retiring in 2017 will have a pension pot just three quarters of someone retiring in 2007 immediately before the crash, according to research by Fidelity International.
Its modelling exercise showed a typical pre-crisis retiree earning ended up with an average pot size of £180,106, compared to 2017 retirees who had an average pot of £139,110 - only having 46% of the buying...
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.