UK - Money purchase scheme members at FTSE100 firms are being denied access to socially responsible investment options, research by IPN's sister publication Professional Pensions shows.
The survey suggests that only 7.5% of the top 100 firms offer DC members access to an SRI fund. The survey – which comprised 40 companies in the FTSE100 – revealed that only BP, Barclays and Legal & General offered DC members access to an SRI fund.
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.