GLOBAL- A hedge fund index - aimed at institutional asset managers, fund-of-fund companies and broker dealers - is being launched by MSCI and Lyxor Asset Management.
The index aims to meet demand from investors for a liquid hedge fund index that can be used as the basis for index-linked investment products, such as funds, derivatives and structured products.
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.