Link: FRS 17 special report
In the meantime E&Y has agreed to keep the scheme open until the impasse is resolved. Worries over the new accounting standard FRS 17 prompted the firm to announce the closure of the scheme in January.
As a result 2,000 members of the scheme would have to join the Defined Contribution scheme and see their pensions dependent on the whims of the stock market.
But a group of disgruntled members formed an action group and engaged two city law firms to fight their corner. The arbitration process is expected to last a year.
A new head of solutions, Aidan Brennan, has been appointed at KPMG UK
Hundreds of jobs are secure after Spectrum Contracting has been sold out of administration to Minstrell Recruitment by FRP Advisory
Cowgill Holloway and Warings Business Advisors have merged, with a range of growth plans in the North West put in place
The Practitioner discusses their timesheet militancy, and reaction to someone playing it fast and loose with the details...