UK - The Greater Manchester and Merseyside pension funds have invested in a £30m equity fund set up to help small business in the North West.
The North West Equity Fund will make initial investments of up to £250,000 in SMEs, from start-ups to established companies.
It will also finance management buyouts and buy-ins.
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.