UK - People are not financially literate enough to cope with personal finance, a survey of UK finance directors shows.
Three-quarters of respondents to the Reed Insurance survey felt the general public did not know enough to make the best decisions for their financial future.
Finance directors were quick to blame the government – especially over failures in the pensions sector.
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.