RMF Investment Manage-ment has completed a e235m (£158m) collateralised fund obligation to improve access to its Four Seasons fund of hedge funds portfolio.
The product type – pioneered by the hedge fund firm’s parent Man Investments – was launched in partnership with French investment bank Ixis and is the first of its kind from RMF. The RMF Four Seasons...
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.