UK - Former non-executive directors of Equitable Life are fighting to have the troubled mutual's lawsuit against them thrown out of court.
The nine directors – including former Schroder Investment Management chairman Peter Sedgwick – have asked Mr Justice Langley to strike out Equitable’s demand for compensation for their alleged negligence before it reaches a full court hearing next year.
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.