Sense has been seen at last - and Commissioner Michel Barnier has said he will scrap plans to include new solvency rules in the new version of the Institutions for Occupational Retirement Provision (IORP) Directive.
These rules could have increased UK scheme deficits by anything from £300bn to £500bn so the sudden volte-face is welcome indeed. Instead the new directive will focus solely on transparency and disclosure...
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.