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KPMG considering sale of pensions’ advisory unit?

KPMG is reported to be considering the sale of its UK pensions’ advisory unit. According to Sky News, KPMG may be about to sell one of its largest advisory business at a price tag of around £120m ($152m).

Sky News reported on ‘secret plans’, presumably not so secret now, and said the potential disposal was the result of interest from third parties although it would be in line with but is not being driven by the policy instituted last year by KPMG UK chairman and senior partner Bill Michael that curtailed consultancy work for the companies that KPMG audits.

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