PENSION funds with heavy bond exposures face "a very challenging environment" this year, Baring Asset Management warns.
Barings fixed income manager Angelina Chueh said historically low yields and flattened yield curves were making life difficult for schemes with large fixed interest holdings, such as those running LDI...
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.