BALANCED pooled funds achieved a positive return for the third consecutive quarter with a median return of 2.3pc, Mellon Analytical Solutions' CAPS figures show.
The performance measurement firm said the median return on these funds over the 12 months to March 31 was 6pc – a real return of 1.2pc against retail price inflation. UK equity managers returned 2.8pc...
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.