BEIS

Actuarial work ‘fundamentally different’ from audit and needs separate consideration it says

The Pensions and Lifetime Savings Association (PLSA) has written to the Department for Business, Energy and Industrial Strategy (BEIS) to express its concerns over the potential impact of the Corporate Insolvency and Governance Bill on schemes.

Pension fund investors could face further disclosure requirements on ESG matters as an industry working group considers fresh law for trustees for as soon as next year.

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 government has launched a consultation on scrapping the Financial Reporting Council (FRC) following two separate reviews.

The majority of Pensions Buzz respondents said directors who avoid obligations should be penalised.

This week's top stories included The Pensions Regulator writing to 14 pension schemes, questioning the values they were giving to members seeking to transfer out.

Company bosses who deliberately dissolve their company to avoid paying pension contributions could be hit with disqualification under government plans.

Companies with more than 250 employees will be required to disclose the pay gap between chief executives and their average staff members from 2019, the government has announced.