UK - Rising government debt will lead to lower returns from gilts, Insight Investment Management claims.
The fund manager believes the government will have to issue more gilts to pay for its spending in the public sector which, it believes, will subdue growth in the value of the bond market.
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.