UK - Watson Wyatt is beefing up its custodian consulting services through a partnership with custody specialist, Thomas Murray.
The consultant will integrate Thomas Murray’s Private Ratings and Operational Benchmarking Evaluation (PROBE) product, which assesses the operational performance of global custodians, into its custodian monitoring process.
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.