bfinance has completed a management buy-out which gives the management, led by founder and chief executive David Vafai, ownership of 100% of the company.
The firm - which offers consultancy as well as manager search and selection services - said the MBO was funded by BMS Finance and provided an exit for the firm's venture capital funders, The Carlyle Group...
Former home secretary Amber Rudd is to return to the cabinet as work and pensions secretary after the resignation of Esther McVey.
This week's top stories included proposed draft regulations in a no-deal Brexit which would make scheme investments illegal, and Esther McVey's resignation as secretary of state.
There have been a total of 15 ministers responsible for pensions since 1997. Here is the list in full.