Schemes are missing out on large US class action settlements because they do not know cases have been heard, Institutional Protection Services claims.
Under US law, funds can be involved in class action claims without knowing about them, as the onus is on opting out of cases rather than opting in. And IPS says this means while US investors collect...
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.