CURRENCY overlay is becoming a major issue for UK pension funds and every time a pension fund makes an international investment it has a currency exposure.
Whether the fund chooses to hedge that currency risk, and in what percentage, can be a crucial decision and can affect the returns on the underlying investment. But as well as hedging out currency risk...
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.