US- Clifford Axelson has joined Prudential Financial as a managing director for the firm's strategic solutions group.
Prudential Financial managing director Eileen Power said: "After more than 20 years as a consultant, his first-hand experience in representing the needs of institutional investors gives him wonderful insight into the solutions they need as they navigate through current markets."
The strategic solutions group helps institutions analyze and tackle portfolio-wide risks and liabilities.
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.