GLOBAL - Equities were the best performing asset class during November, figures from global indices provider MSCI show.
The MSCI World Equity Index returned 5.25% while hedge funds – as measured by the MSCI Hedge Fund Composite Index – returned 1.12%. The MSCI World Sovereign Debt Index returned 0.13%.
For the year to November, bonds returned 13.9%, hedge funds 2.5%, while equities lost 16.94%.
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.