UK - Newcastle Building Society has introduced a Capital Safe Bond that offers a 100% return on capital, even if the market falls.
The firm claims the bonds – which are designed for self-invested personal pensions and small self-administered schemes – will produce 85% of the average growth of the FTSE100, Dow Jones EuroSTOXX 50, Standard & Poor’s 500 and the Nikkei indices over a five-year term.
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.