EY fined over audit failings and TPR’s reassessment of unregulated investments
Auditing failings cover its pension scheme, a rail franchise deal, and insurance provisions
A High Court battle has begun between the government and four railways companies after they were excluded from franchise bids due to their approach to the £27bn Railways Pension Scheme (RPS).
Stagecoach has launched action against the Department for Transport (DfT), claiming it breached its statutory duties in connection with the West Coast Partnership railways franchise when disqualifying the firm over pension funding issues.
Transport company Stagecoach has estimated it will need to pay £24.2m to equalise guaranteed minimum pensions (GMPs) for members of its defined benefit (DB) scheme.