UK - Aegon has bought a 9.99% share of Personal Touch Insurance in a bid to boost its intermediary distribution business.
Personal Touch – a private company based in the West Midlands – distributes a full range of financial services and has in excess of 10,500 introducing agents and a turnover of around £12m.
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.