THE Universities Superan-nuation Scheme has defended its heavy equity weighting amid claims by fund manager Lindsell Train that its exposure is an "animal-spirited punt".
Last month independent consultant John Ralfe criticised the £22bn final salary scheme for taking a “bigger equity bet than any insurance company, bank or hedge fund”. However, a scheme spokes-man 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.