Defined benefit (DB) schemes sponsored by the UK's 100 largest listed companies saw their combined funding level improve by 10 basis points during September, according to JLT Employee Benefits.
Measured under the IAS 19 accounting standard, FTSE 100 schemes had an aggregated deficit of £2bn as of 31 September, with a funding level of 99.7% - compared to 99.6% at the end of August. With assets...
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.