UK - A cash fund offered by Standard Life Investments has won an industry award for "outstanding performance".
The firm’s AAA Cash Fund, which comprises dollar, euro and sterling sub-funds, received the accolade at the Money Market Funds Association Awards.
The fund has grown by 42% to almost £3bn during the past 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.