Bill Michael

KPMG’s pensions advisory business has relaunched following a £200m leveraged buyout that will see it rebrand as Isio.

KPMG has confirmed it has entered into exclusive talks with Exponent Private Equity to sell its pensions advisory unit.

"Defective" company audits could mean millions of savers in pensions funds are "losing out", says the Competition and Markets Authority (CMA) as it launches a probe of the audit sector.