INVESTMENT consultants fail to identify the managers beating scheme benchmarks, a report by Blacket Research reveals.
The research company said when it looked at the added value from shortlists by consultants, no individual firm was able to identify managers any more effectively than would be ex-pected from random selection....
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.