UK - Restrictions outlined in the FSA's draft paper on depolarisation will continue to limit consumer choice, Berkeley Berry & Birch claims.
The IFA says the paper will also place a continuing burden on the industry.
Group chief executive Clifford Lockyer – responding to the consultation paper on draft rules on depolarisation – said that while the paper was a significant step forward more needed to be done.
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.