Money: Big Four auditor KPMG plots £120m sale of its British pensions advisory business - - PressFrom - United Kingdom
  •   
  •   

MoneyBig Four auditor KPMG plots £120m sale of its British pensions advisory business

19:10  30 june  2019
19:10  30 june  2019 Source:   dailymail.co.uk

Five arrested in Patisserie Valerie fraud probe

Five arrested in Patisserie Valerie fraud probe Five arrested in Patisserie Valerie fraud probe

Big Four auditor KPMG is exploring a sale of its British pensions advisory business . The division – which is one of the largest working in this sector in the UK with £ 50billion of assets under advice – counsels pension funds and other major investors about where they should put their money.

Big Four auditor KPMG plots £ 120 m sale of its British pensions advisory businessThe division has £ 50billion of assets under advice KPM. 2pm Man Utd transfer news LIVE: Moyes almost signed Bale, Dybala £ 120 m move, Old Trafford injury crisis.

Big Four auditor KPMG plots £120m sale of its British pensions advisory business © Getty KPMG auditing company in Manchester, UK. KPGM is one of Big Four auditor companies. It had 23.4bn USD revenue and 155,000 employees in 2013. Big Four auditor KPMG is exploring a sale of its British pensions advisory business.

The division – which is one of the largest working in this sector in the UK with £50billion of assets under advice – counsels pension funds and other major investors about where they should put their money. It has approximately 450 staff.

City sources claim the pensions arm could command a price tag of around £120million.

The company did not say which groups had expressed interest in buying the business. A KPMG spokesman said: ‘We have made no firm decisions over any eventual outcomes at this stage.’

A 13-year-old runs his own bakery and matches every sale with a donation to the homeless

A 13-year-old runs his own bakery and matches every sale with a donation to the homeless Michael Platt, 13, runs a bakery called Michael's Desserts, which operates on a one-for-one donation model based in Washington, D.C.

The Big Four ( KPMG , Ernst & Young (EY), Deloitte and PricewaterhouseCoopers (PwC)) are the four biggest professional services networks in the world, offering audit , assurance services, taxation

KPMG has put its British pensions advisory business up for sale at a time when the Big Four accounting firms are under immense pressure to reduce conflicts and increase their The arm advises pension funds and other big investors on how to invest their assets, a £ 1.6 trillion market in the UK.

Big Four auditor KPMG plots £120m sale of its British pensions advisory business © Provided by Associated Newspapers Limited City sources claim the pensions arm could command a price tag of around £120million The sale comes at a time when Britain’s major beancounters are wrestling with reforms of the industry after a string of high-profile accounting blunders.

The structure of auditing firms has come under scrutiny, with MPs on parliament’s business committee calling for a full-break up of the Big Four firms KPMG, PwC, Deloitte and EY.

Former London Stock Exchange chairman Sir Donald Brydon is investigating the future of auditing in a review for the Government.

Scandal-hit KPMG signed off on outsourcer Carillion’s accounts before it went bust in January 2018. It has had to pay millions of pounds in penalties for errors in the audits of major companies such as Ted Baker and the Co-Operative Bank.

France's Orange raises $616 million with sale of its BT stake

France's Orange raises $616 million with sale of its BT stake France's Orange raises $616 million with sale of its BT stake

KPMG is drawing up secret plans to sell one of its largest advisory businesses as it grapples with reforms Trustees plot £ 10.5bn buyout of vast British Steel pension scheme. If concluded, a sale of the KPMG pensions advisory arm would be among the largest corporate disposals undertaken by

KPMG has put its British pensions advisory business up for sale at a time when the Big Four accounting firms are under immense pressure to reduce conflicts and The company said it had received a number of approaches from buyers, but no decision had yet been made on a potential sale .

MSN are empowering Women In Sport this summer. Find out more about our campaign and the charity fighting to promote the transformational and lifelong rewards of exercise for women and girls in the UK here.

Read more

Gallery: Why these governments challenged the world’s biggest companies [Lovemoney]

Big Four auditor KPMG plots £120m sale of its British pensions advisory business

US hedge fund plots Four Seasons care homes bid.
US hedge fund plots Four Seasons care homes bid

—   Share news in the SOC. Networks
usr: 3
This is interesting!