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.
Richard Cartwright becomes the new head, taking over from incumbent head of office David Lemon
Brian Burke, business development director, has moved within the firm to 'develop Quantuma’s networks with Sussex professional firms'
Stephen Mills joins the Manchester office from IBM, where he spent 12 years as an associate partner in the data, analytics and cognitive consulting group
Rupert Guppy will be responsible for capital allowances in the southern region, and joins the firm from specialist consultancy E3 Consulting