UK - More than a third of pensioners wish they had invested more for their retirement, research by Britannic Asset Management reveals.
The research also found that over a quarter of pensioners have had to cut back on their lifestyle, with a third of a million pensioners taking money from their children’s inheritance and over 160,000 asking friends or family for financial help.
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.