GLOBAL - The MSCI Hedge Fund Composite Index has posted an 0.94% return for August - underperforming the MSCI World Index which gained 1.98%.
But it significantly outperformed the MSCI World Sovereign Debt Index which posted an August drop of 0.56%.
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.