UK - Northern Trust's UK manager-of-manager assets under management now exceed £1.5bn.
The total comprises existing MoM assets under management of £750m, plus wins amounting to £400m throughout 2003 and £350m in unfunded assets via Northern Trust’s distribution partnerships.
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.