Steve Webb has challenged providers to restore the "battered reputation" of the pensions industry by improving the terms of savers locked in to legacy schemes.
He says it appears that “sky-high charges are tearing the heart out of people’s pensions” – warning the government would focus on charges in default funds and urging providers to offer fairer terms to...
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.