UK - State Street Global Advisors has been awarded the Queen's Award for Enterprise in International Trade, in recognition of its success in attracting overseas clients.
Managing director Nigel Wightman received the award from the deputy lieutenant of the City of Westminster, Colonel Neil Johnson – acting as the Queen’s representative.
SSgA was the only fund manager to have been awarded in the international trade category in 2003.
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.