UK - New Financial Services Authority chief John Tiner is pledging to cut red tape for businesses.
Tiner also said he would chair a task force designed to educate consumers about various financial services and products.
“There needs to be a major step-change in activity to educate and inform the consumer,” he said.
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.