UK - A property limited partnership valued at £185m has been launched by Pinder Fry & Benjamin.
The partnership has invested in what PFB describes as a “trophy” office building next to Victoria Station in London, which is let to the government until 2021.
The term of the investment is likely to be seven or eight years and the estimated return to investors is 9.05% per annum.
PFB is seeking to raise £28m from investors.
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.