Any lawyer worth their salt knows that new legislation often has unforeseen consequences. That's the case even for the most pedestrian piece of law, so imagine the possible ramifications for new regulations borne out of the double whammy of the global financial crisis and the Madoff scandal.
The AIFM – Alternative Investment Fund Managers – directive aims to bring hedge funds and private equity in line with the rest of the financial industry. While the directive has now been signed off...
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.