UK - More than two million workers are paying too much for the running of their personal pension plans, Close Wealth Management claims.
Old-style plans, which have annual management charges twice as high as the 1% stakeholder cap, cost an additional £788m a year in fees.
The company urged investors to pay close attention to management fees, and stop contributing to the plan if its fees were too expensive.
PwC, KPMG, EY and Deloitte must break up their consultancy and audit businesses into distinct firms to provide greater focus on the "most challenging and objective audits", the competition watchdog has said.
The Department for Work and Pensions (DWP) has released its first batch of guidance setting out how the guaranteed minimum pension (GMP) conversion legislation may be used to resolve unequal payments.
This week's top stories include the government spending £800,000 on a Gogglebox advert and MPs writing to The Pensions Regulator about its engagement with the Railways Pension Scheme.