PwC

Multi-employer schemes could be on the hook for millions

James Chalk has been hired by PwC as it expands its pensions employer covenant business in north England centred on Leeds and Manchester.

Roger Marshall has been put on the board and made a non-executive director by the Pension Insurance Corporation (PIC).

Over a third (36%) of FTSE 100 CEOs received no salary increase during 2015, up from a quarter in 2014.

Employers could have to pay up to 10% more to buy out pension schemes after Solvency II regulations for insurers come in next year, says PwC.

Top stories on PP online this week include the merger of Just Retirement and Partnership, the rejection of upfront tax relief, and a 50% drop in deficit contributions.

Workers believe the tax treatment of pensions is too complex and would welcome switching to a system that treats pensions like ISAs, according to research from PwC.

PwC has made four promotions within its pensions and investment team.

Senior bankers found guilty of misconduct could face their bonuses being clawed back up to ten years after award following a major stiffening of rules by financial regulators.

The Pensions Regulator's (TPR) executive director for defined benefit (DB) Stephen Soper is set to depart for PwC after more than six years at the regulator.