SCHEMES should not rush into using derivatives or be "beguiled by the liability-driven investment bandwagon", consultants warn.
Watson Wyatt senior consultant Nick Horsfall said the £9bn UK market in derivatives would soar to £20bn by the end of the year – driven by scheme demand for swaps and other instruments used in LDI and...
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.