Chancellor Gordon Brown and prime minister Tony Blair are said to be at odds
over pension reform forcing Brown to avoid plans to outline his ideas in today’s
John Hutton, the work and pensions secretary, agrees with Blair that a
modified version of the proposals from the Lord Turner review are the way
forward. They both believe a bigger state pension indexed to earnings, financed
by a higher retirement age and raised taxes will solve the so-called pensions
But Brown wants to ignore the Turner proposals and instead go for a 3 per
cent annual rise in the basic state pension until 2020, which would fall short
of restoring the link to earnings, the Financial Times reports.
A row behind the scenes died down once Brown agreed not to include any
pensions announcements in his tenth Budget, although the Treasury denied this
saying there was never any intention for him to say anything on pension reform.
The Financial Reporting Council has issued guidance regarding the annual reporting of 1,200 large and smaller listed companies. The letter highlighted the key issues and improvements that can be made in the 2016 reporting season
Baldwins Accountancy Group has continued investment in the north-east and appointed David Fish as a director in its corporate finance team
UK M&A activity bounced back strongly in July and August, according to analysis by the deals practice at PwC.
Smith & Williamson has added Jim Clark and Philip Marsden, of Marsden Clark Corporate Finance Limited, to its corporate finance team.