The California State Teachers Retirement System is seeking to appoint an independent fiduciary adviser for its $14.7bn (£7.4bn) private equity proactive portfolio.
The tender process is due to be completed by February 5 after which the $174bn pension scheme will appoint no more than five fiduciaries. The fiduciaries will be expected to undertake in-depth analysis...
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.