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.
The average cost of fraud increased 35.4% to £3.9m in 2016, compared to 2015 data
Harrison Beale & Owen will (HB&O) have a new chairman and managing director at the helm for 2017
Satvir Bungar promoted to managing director in the mergers and acquisitions team
Carolyn Brown appointed as the first head of client legal services practice RSM Legal